How Much Market Cap Value of Adani Group Stocks Got Erased in 13% Fall Today?

How Much Market Cap Value of Adani Group Stocks Got Erased
How Much Market Cap Value of Adani Group Stocks Got Erased

In a remarkable downturn that gripped the financial markets on March 13th, the Adani Group, a conglomerate with a formidable presence in multiple sectors, witnessed a steep decline in its stock values. This event saw a significant erosion of the group’s market capitalization, raising concerns and eyebrows in equal measure.

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How Much Market Cap Value of Adani Group Stocks Got Erased in 13% Fall Today?

The Adani Group’s shares faced an unforgiving sell-off, with losses mounting up to 13 per cent in a market environment that can best be described as weak. This downturn wasn’t isolated to a single entity within the group but was a blanket occurrence that affected all ten Adani counters. By the afternoon, the conglomerate saw a drastic reduction in its combined market capitalization, with about Rs 90,000 crore wiped off its value.

Adani Green Energy found itself at the forefront of this decline, plunging 13 per cent to hit an intraday low of Rs 1,650 per share on the NSE. Other significant entities within the group, such as Adani Enterprises and Adani Ports & SEZ, were not spared. These stocks, integral to the Nifty index, recorded losses of 5.5 per cent and 5.3 percent, respectively, contributing to a broader index downturn of 200 points or approximately one per cent.

Notably, this event marks the seventh consecutive day of decline for Adani Enterprises, though it still trades nearly 100 per cent higher than its 52-week low. Meanwhile, other group entities like ACC, Ambuja Cement, Adani Energy Solutions, Adani Power, Adani Total Gas, NDTV, and Adani Wilmar experienced declines ranging from 2.9 to 7 per cent.

Stock Name Percentage Drop
Adani Green Energy 13%
Adani Enterprises 5.5%
Adani Ports & SEZ 5.3%
ACC 4.3%
Ambuja Cement 2.9%
Adani Energy Solutions 4%-7%
Adani Power 4%-7%
Adani Total Gas 4%-7%
NDTV 4%-7%
Adani Wilmar 4%-7%
  • This data captures the market situation as of 2:00 PM on March 13th, with the market still open, indicating that the final numbers might change by the close of the trading session.
  • The percentage drop indicates the decline from the previous close to the intraday low (or the current level for stocks without specified lows

Analysts’ Perspective Amidst the Sell-Off

Interestingly, this sell-off comes at a time when some analysts had shown renewed confidence in parts of the Adani portfolio. Brokerage firms HSBC and Motilal Oswal had recently updated their target prices for Adani Ports, maintaining “buy” recommendations based on robust cargo volume data. Furthermore, Jefferies initiated coverage on Adani Enterprises with a “buy” rating, forecasting a doubling of EBITDA by FY26 to Rs 21,449 crore and identifying several operational milestones as potential growth triggers.

In conclusion, the substantial decline in Adani Group’s market capitalization is a testament to the fragility of market sentiments and the impact of broader economic factors on individual conglomerates. As the situation evolves, the resilience of the Adani Group and its ability to bounce back from this setback will be under rigorous scrutiny from investors, analysts, and other market participants

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