Signals, Powered By EquityPandit
The shares of Adani Power (Rs 127.25), Adani Transmission (Rs 1,369.35), and Adani Total Gas (Rs 1,394) – were locked in lower circuit for the third straight day, down 5 per cent each, on the BSE on Wednesday despite the National Securities Depository Ltd (NSDL) clarifying that the accounts of three foreign funds – holding nearly Rs 43,000 crore worth of Adani group shares are ‘active’ and not frozen.
Besides these three stocks, Adani Green Energy fell 4 per cent to Rs 1,165 in intra-day trade and is trading in ‘T’ group on the BSE and ‘BE’ segment on the National Stock Exchange (NSE). Shares falling in the Trade-to-Trade or T-segment are traded in BE series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
- Voltamp Transformers Bags a Rs 263 Crore Order
- Schaeffler to Lay Off 4,700 Workers Amid European Auto Sector Challenges
- EAM Jaishankar: US Relationship Will Strengthen Regardless of Election Outcome
- Fidelity Raises Lenskart Valuation by 12% to $5.6 Billion
- Dr Reddy’s Q2 Earnings; Net Profit Slips 15%
Among the shares of the remaining two Group companies, Adani Ports and Special Economic Zone (SEZ) was down 5 per cent to Rs 726.50 on the BSE and Adani Enterprises fell 3 per cent in intra-day trade today. The latter was quoting less than 1 per cent lower at Rs 1,530 at 11:12 am, as compared to 0.40 per cent decline in the S&P BSE Sensex. The stocks of Adani Ports and SEZ and Adani Enterprises are part of the future and options (F&O) segment and price bands or circuit filters are generally not applied to them.
Stock Covered in the news
Adani Power Ltd-View Detailed Analysis
