{"id":552395,"date":"2023-02-03T11:53:32","date_gmt":"2023-02-03T06:23:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552395"},"modified":"2023-02-03T11:53:32","modified_gmt":"2023-02-03T06:23:32","slug":"adani-stocks-continue-to-fall-mcap-loss-widens-to-rs-8-79-lakh-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-stocks-continue-to-fall-mcap-loss-widens-to-rs-8-79-lakh-crore\/","title":{"rendered":"Adani stocks continue to fall; mcap loss widens to Rs 8.79 lakh crore"},"content":{"rendered":"<p>Mumbai: The fall in most Adani Group stocks continued on Thursday, wiping out a further \u20b91.34 lakh crore off their market capitalisation, totaling \u20b98.79 lakh crore or $110 billion of erosion in six trading sessions.<\/p>\n<p>Adani Enterprises NSE -15.68 % plunged more than 26% on Thursday after the company on Wednesday night unexpectedly announced the withdrawal of its \u20b920,000-crore follow-on public offer (FPO), which had been successfully completed the day before. While trading in six other stocks stopped after hitting their respective lower circuit barriers, ACC NSE -4.05 % and Ambuja Cements NSE -2.41 % bucked the weak trend. Analysts said the crash in the conglomerate&#8217;s stocks following the release of the Hindenburg Research report has created selective buying opportunities for contrarian investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The fall in most Adani Group stocks continued on Thursday, wiping out a further \u20b91.34 lakh crore off their market capitalisation, totaling \u20b98.79 lakh crore or $110 billion of erosion in six trading sessions. Adani Enterprises NSE -15.68 % plunged more than 26% on Thursday after the company on Wednesday night unexpectedly announced the withdrawal of its \u20b920,000-crore follow-on public offer (FPO), which had been successfully completed the day before. While trading in six other stocks stopped after hitting their respective lower circuit barriers, ACC NSE -4.05 % and Ambuja Cements NSE -2.41 % bucked the weak trend. Analysts [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-552395","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}