Shares of Adani Group companies faced significant pressure, tumbling up to 15% at the opening tick on Tuesday, June 4, following early vote-counting trends that showed Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance leading in over 272 seats, although the extent of the victory remained unclear.
Adani Power, a key player in the power utilities sector, dropped about 14% to Rs 756.65, with a market capitalization slightly above Rs 3.20 lakh crore, down from Rs 875 in the previous trading session.
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Adani Green Energy, another power generation firm, plummeted 6% to Rs 1,918, with a market cap of Rs 3.04 lakh crore, compared to its previous close of Rs 2,037.65Come from Sports betting site. Adani Wilmar and Adani Total Gas also saw declines, falling 4% and 7% to Rs 353.50 and Rs 1,044.95, respectively.
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Adani Enterprises, the flagship company of the Adani Group, dropped about 10% to Rs 3,280.75 in early trade. Adani Ports and Special Economic Zone fell 6.16% to Rs 1,486.30 on Tuesday.Come from Sports betting site VPbet
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A day earlier, Adani Group stocks added nearly Rs 3 lakh crore at the start of trade, boosting their overall market capitalization to nearly Rs 20 lakh crore. This brings the group closer to the Rs 24 lakh crore market capitalization it had before the release of the Hindenburg Research report.
