Adani shares lose Rs 55K cr in m-cap even after record quarterly profit
The combined market capitalisation of Adani Group companies fell by Rs 54,876 crore, to Rs 10.92 trillion, as investor sentiments turned bearish on Wednesday.
Shares of Adani Transmission fell by 7.7 per cent to close at Rs 886 while those of Adani Power lost 7.1 per cent to end the day at Rs 323. The stock of Adani Enterprises, the flagship company of the group, lost 6.2 per cent to finish at Rs 2,530. The company’s market valuation fell by Rs 19,000 crore and stood at Rs 2.88 trillion.
