Choice - Best Stock Broker in India
  • About
  • App
  • Services
    Services
  • Research
  • Partners
  • Contact
  • Log In
  • Open Demat Account
  • Home
  • Blog
  • ...
  • Adani Group Stocks Tumble: Top 5 Updates After Kenya Cancels Deals
  • ...
    Adani Group Stocks Tumble: Top 5 Updates After Kenya Cancels Deals

Adani Group Stocks Tumble: Top 5 Updates After Kenya Cancels Deals

Adani Group Stocks Tumble: Top 5 Updates After Kenya Cancels Deals
  • Published Date: November 22, 2024
  • Updated Date: November 22, 2024
  • By Team Choice

he Adani Group stocks faced significant selling pressure, marking the second consecutive session of losses. Triggered by Kenya's cancellation of deals amidst U.S. charges, the market impact was profound. Here's a detailed breakdown of the situation.

Adani Enterprises Hits 52-Week Low

Adani Enterprises led the downfall, with shares dropping 7% in early trading on Friday, touching a 52-week low of ₹2,030. This development reflects investor concerns over the recent allegations and their potential implications on the conglomerate's global operations.

Adani Ports Shares Plunge Over 5%

Shares of Adani Ports also tumbled, registering a 5.3% drop to ₹1,055.40 during the trading session on the Bombay Stock Exchange (BSE). The decline highlights the broader pressure faced by the group’s flagship companies.

Adani Green Energy Suffers the Largest Decline

Among all Adani Group stocks, Adani Green Energy faced the steepest fall, losing 11% and hitting a low of ₹1,020.85. The renewable energy giant has been a key player in the group's portfolio but remains under scrutiny due to ongoing legal and operational challenges.

Other Adani Stocks Witness Declines

Other group companies, including Adani Power, Adani Energy Solutions, Adani Total Gas, and Adani Wilmar, saw their shares fall between 2.6% and 5%. While ACC Ltd and Ambuja Cements traded flat with a marginal positive bias, the overall sentiment remained bearish.

Market Capitalization Wipeout Reaches ₹38,000 Crore

The combined market capitalization of Adani Group's 11 listed entities plunged by ₹38,000 crore, bringing the total to ₹11.68 lakh crore as of Friday morning. Over the past two sessions, the conglomerate has witnessed an erosion of ₹2.62 lakh crore in market value, highlighting the severity of investor reactions.


Conclusion: What Lies Ahead for Adani Group?

The ongoing challenges and global allegations have rattled investor confidence in Adani Group stocks. While the full extent of the impact remains uncertain, market analysts will closely monitor the group's response to these developments and their ability to navigate the storm.

Stay tuned for more updates as the story unfolds.

Recommended for you

loading

Inverted Hammer Candlestick Pattern

loading

What is Hammer Candlestick Pattern? Step-by-Step Guide For Investors

loading

Shooting Star Candlestick Pattern

loading

Triple Top Pattern Explained: How to Spot and Trade Market Reversals

Choice Financial Services
  • Services

  • Stocks
  • Mutual Funds
  • Wealth Planning
  • Insurance
  • Loans
  • Capital Advisory
  • Management Consultancy
  • Government Advisory
  • Tax Advisory
  • Institution
  • Company

  • Our Team
  • Investors
  • Calculator
  • Careers
  • Contact Us
  • Refer & Earn
  • FAQ’s
  • Resources

  • Fundamental
  • Technical
  • Blog
  • Pricing
  • Downloads
  • News & Media
  • Offer Document
  • Track Record
  • Investor Charter
  • Investor Grievances
  • Online KYC Updation
  • Quick Links

  • Open Demat Account
  • Corporate Demat Account
  • NRI Demat Account
  • Minor Demat Account
  • Lowest Brokerage
  • Investor Charter
  • Investor Awareness
  • Watchout Investors
  • Investor's Advisory
  • Disclaimer
  • CEBPL Policies & Disclosures
  • CFPL Policies & Disclosures
  • Sachet Portal
  • Direct Pay-in

Choice International Limited , Sunil Patodia Tower,
J B Nagar, Andheri(East),
Mumbai 400099.

Monday - Friday : 08:30 am - 7:00 pm
Saturday : 10:00 am - 4:00 pm

+91-88-2424-2424

care@choiceindia.com

Google Play
App StoreApp Store
  • Made with in India
  • Privacy Policy
  • Terms & Conditions

Choiceinternational. CIN - L67190MH1993PLC071117
Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ).
Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015 , DP ID CDSL - 12066900 , NSDL ID - IN301895. Research Analyst - INH000000222
Choice Wealth Private Limited: AMFI - Registered Mutual Fund Distributor. Association of Mutual Funds in India Registration Number - ARN - 78908.
Initial Registration: 15th March 2010 Valid Till: 14th March 2027.
Pension Fund Regulatory and Development Authority (PFRDA) - POPSE52022022 | Affiliated with POP HDFC Pension Management Company.
Choice Finserv Private Limited: NBFC Registration Number : N - 13.02216

Choice Insurance Broking Private Limited: IRDAI License No: 167, License Valid Till: 29-05-2025 | Category : Direct ( Life & General )
Registered Office: Choice International Limited, Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai, Maharashtra 400099.
For any Grievances / Queries email at ig@choiceindia.com & care@choiceindia.com | Online Dispute Resolution Link: https://smartodr.in/login

Cautionary Message :

  1. Sharing of trading credentials – login id & passwords including OTP’s:- Keep Your Password/Pin and OTP’s private & confidential to avoid any misuse or unauthorised trades. Please ensure that you do not share it with any one.
  2. Trading in leveraged products like options without proper understanding, which could lead to losses
  3. Writing / selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
  4. Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
  5. Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers

Disclaimer:
1. *Investments in securities market are subject to market risks, read all the related documents carefully before investing.
2. In addition to client based business, we are also doing proprietary trading.
3. Brokerage will not exceed the SEBI prescribed limit.

Research Disclaimer and Disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014

Choice Equity Broking Private Limited (“CEBPL”) is a registered Research Analyst Entity (Reg. No. INH000000222 ) (hereinafter be referred as “CEBPL”). (CIN. NO.: U65999MH2010PTC198714).

Reg. Address: Sunil Patodia Tower, J B Nagar, Andheri(East), Mumbai 400099. Tel. No. 022-6707 9999 .

Compliance Officer: Mr.Prashant Salian. Tel. 022-67079999 - Ext-2310
Email- Prashant.salian@choiceindia.com

Grievance officer: Deepika Singhvi Tel.022-67079999- Ext-834.
Email- ig@choiceindia.com

Research Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

© Choice International Limited. All Rights Reserved.