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Gautam Adani suffered a major setback, the company’s market cap fell by Rs 1.03 lakh crore

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Adani Group Share: Today was a day full of disappointment for India’s second richest person, Gautam Adani. Shares of Adani Group, which grew rapidly by 200 to 1000 percent during the last one year, saw a huge fall today. The main reason for the fall in the shares of Adani Group is believed to be the action of National Security Depository Limited (NSDL). The fall in the shares of Adani Group has also affected the net worth of Gautam Adani. According to Forbes, he had to suffer a loss of about 55 thousand crores on Monday morning.

According to the Economic Times report, the National Security Depository Limited (NSDL) has frozen three foreign funds. According to the report, all of them have shares worth Rs 43,500 crore in four companies of the Adani Group. According to reports, SEBI is also examining the valuation of the shares of Adani Group. However, there is no official confirmation on this whole issue yet.

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The fall in the shares has also affected the market cap of the Adani Group. According to Money Control, the market cap of the Adani Group fell by around Rs 1.03 lakh crore or 10 per cent. Which is like a big setback for any company. Let us tell you, during the last one year, the shares of Adani Enterprises 741%, Adani Ports 100%, Adani Green 245%, Adani Transmission 650%, Adani Power 271%, Adani Total Gas have increased by 1066 percent.

According to stock market experts, following the action of National Security Depository Limited (NSDL), investing money in the Adani Group is a high risk investment. It is expected that further decline may be seen in the coming time.

Adani Group shares fell sharply this morning

Following this action by the National Security Depositor, shares of Adani Enterprises fell 25%, Adani Ports 17%, Adani Green 5%, Adani Transmission 5%, Adani Power 5%, and Adani Total Gas 5 percent down on Monday morning.

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Gautam Adani suffered a major setback, the company's market cap fell by Rs 1.03 lakh crore
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀
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