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Adani Group of companies shares traded on a sombre note for the 2nd straight day even after National Securities Depository Ltd (NSDL) clarified that the accounts of three foreign funds which holding nearly Rs 43,000 crore worth of Adani group shares are ‘active’ and not frozen.
Today, Shares of Adani Green Energy, Adani Ports, and Adani Enterprises rose up to 5 per cent each in intra-day, but soon pared gains to trade flat-to-negative.
Adani Green Energy jumped 5 per cent to Rs 1,234.70 on the BSE but pared most gains to trade only 1.07 per cent higher at Rs 1,188.50 around 10.30 am. Adani Ports gained over 4 per cent in early trade to Rs 802, although the scrip failed to hold gains and was trading 0.42 per cent down at Rs 765.50. Similarly, Adani Enterprises was trading flat, up 0.40 per cent at Rs 1,507.65 after rising as much as 5 per cent to Rs 1,572.90 earlier today.
Meanwhile, Adani Transmission, Adani Power and Adani Total Gas were locked in 5 per cent lower circuit limit on the BSE. The accounts of three foreign funds that are among the biggest backers of the Adani group are ‘active’ and not frozen, NSDL Vice President Rakesh Mehta has said.
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