Mumbai: Shares of Adani Enterprises were down 35% this morning. The stock of Adani Enterprises has fallen 66% in 5 days. America's stock exchange Dow Jones has excluded Adani Enterprises from the Sustainability Index.
Adani Group stocks hit lower circuits again on Friday. Stocks have shed $108 billion in market value since Hindenburg report.
The stock hit an intraday low of Rs 1408 on BSE. The sharp fall in the share price for three consecutive sessions comes after the Group cancelled its Rs 20,000 crore FPO.
Adani Ports, Adani Transmission, and Adani Green Energy shares fell 10% to hit an intraday low of Rs 415.80 and Rs 1,401.5, and Rs 934.25 respectively.
Adani Power, Adani Total Gas, and Adani Wilmar shares hit 5% lower circuit, and were trading at Rs 192, Rs 1625, and Rs 400.50 respectively.
Kharge calls meeting of opposition parties
Congress President Mallikarjun Kharge has called a meeting of opposition parties on the matter in the Parliament premises. 13 parties including Congress, TMC, Aam Aadmi Party (AAP), SP, DMK, Janata Dal and Left could participate in the meeting.
There has been a stir from Parliament to the market regarding Hindenburg report on Adani Group. The opposition is adamant on demanding an inquiry into the allegations against the Adani Group.
There is a possibility of an uproar in Parliament on Friday as well. Opposition parties did not allow the proceedings of Lok Sabha and Rajya Sabha to continue even on Thursday.
Bangladesh demands amendment in deal with Adani Group
The Bangladesh government has demanded amendment in the deal with Adani Group in the energy sector. Bangladesh government says that electricity prices are high, they should be reduced. On the other hand, the Congress has announced a nationwide protest on 6 February.
Congress general secretary KC Venugopal said that party workers would protest in front of LIC and SBI offices located in districts across the country on February 6. Opposition leaders say that this is the biggest scam of the stock market.
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