On January 25, 2023, Hindenburg Research released a report with the title ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History’. It immediately severely affected the price of the shares of all the group companies in the bourses.
ACC
From a level of Rs 2355.60 on January 20, 2023, the price of ACC shares dived to Rs 1667.20 on March 31, 2023. However, it later recovered to a high of Rs 2,844. When trading closed on Friday, August 10, it was trading at Rs 2,351.40.
Adani Enterprises
On January 20, 2023, the share price was Rs 3,456.16. It dropped to Rs 1,315.65 on February by February 24, 3013. It was trading at Rs 3,186.40 on August 10, 2024 when the markets closed.
Adani Green Energy
Between January 20, 2023 and February 24, 2023 it went down from Rs 1,975.60 to Rs 486.50. It was trading at Rs 1,774.00 on August 10, 2024 when the markets closed.
Adani Ports and Special Economic Zone
In 2023, the price tanked from Rs 774.45 on January 20 to Rs 498.85 on February 3. It was at Rs 1,532.00 on August 10, 2024 when the markets closed.
Adani Power
The price dived from Rs 275.05 on January 20, 2023 to Rs 155.15 on February 17, 2023. It was trading at Rs 692.00 on August 10, 2024 when the markets closed.
Ambuja Cements
It slid from Rs 517.75 on January 20, 2023 to Rs 345.25 on February 24, 2023. It was trading at Rs 631.30 on August 10, 2024 when the markets closed.
Adani Total Gas
In 2023, it declined from Rs 3,918.90 on January 20 to Rs 751.80 on February 24. It was trading at Rs 868.70 on August 10, 2024 when the markets closed.
Adani Wilmar
It declined from Rs 554.45 on January 20, 2023 to Rs 362.55 on February 24, 2023. It was trading at Rs 383.60 on August 10, 2024 when the markets closed.
NDTV
From Rs 280.75 on January 20, 2023 it dipped to Rs 190.60 on February 24, 2023. It was trading at Rs 207.94 on August 10, 2024 when the markets closed.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
On August 10, 2024, when Hindenburg Research revealed its latest round of whistleblower documents to allege that SEBI chairperson Madhabi Puri Buch has investments in “obscure offshore entities used in Adani Money siphoning scandal”, the Indian markets were closed. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
