Adani Group stocks in lower circuit today: These scrips in downward spiral after MSCI review
Adani group stocks continued falling on Friday after Morgan Stanley Capital International (MSCI) cut the free-float designations of four Adani group companies, saying that it plans to reduce the weightage of these stocks, effective March 1. Adani Enterprises shares fell nearly 10% on open today. However, the scrip recovered and was last trading down 1.8% at Rs 1,899 on NSE. Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas stocks hit lower circuit of 5%, and were trading at Rs 726, Rs 164, Rs 1,186, and Rs 1,255 respectively. Seven out of ten Adani Group firms were trading in the negative territory.
