Adani Power share price witnessed a significant drop following the release of a report by Hindenburg Research that impacted all companies under the Adani Group. On January 24, 2023, the share price of Adani Power was trading at Rs. 274.65. However, after the release of Hindenburg’s report, the share price plummeted to Rs. 132.40. Currently, on December 1, 2023, the share price has shown a remarkable recovery, closing at Rs. 439.20 with a 1.78% increase. Adani Power’s share has increased threefold from its previous low price level. The company’s share closed at Rs. 431.80 on Wednesday’s trading session, providing investors with a 431.80% return in the past year.
Similarly, Adani Total Gas’ share price was trading at Rs. 3,891.75 on January 24, 2022, but has now fallen to Rs. 735.10, resulting in a loss of over 80% for investors. The share price had reached its lowest level in 52 weeks at Rs. 522. However, with Hindenburg’s report, Adani Total Gas’ share has recovered significantly. As for Adani Ports, its share price was at Rs. 761.20 on January 24, 2023, but fell to Rs. 395.10 due to Hindenburg’s report. On Wednesday’s trading session, the share closed at Rs. 835.15 with a 5.20% decrease. From November 30, 2022, to November 29, 2023, the share prices of various Adani Group companies witnessed the following increase: Adani Wilmar (44.43%), Adani Enterprises (38.21%), ACIS (25.55%), Ambuja Cement (22.89%), Adani Total Gas (79.65%), Adani Energy Solutions (68.53%), NDTV (50.96%), and Adani Green (48.23%).
Adani Power share price witnessed a significant drop after the release of a report by Hindenburg. The share price of Adani Power was trading at Rs. 274.65 on January 24, 2023. However, after the Hindenburg report, it dropped to Rs. 132.40. On December 1, 2023, the share price of Adani Power was trading at Rs. 439.20, showing a growth of 1.78%. The share price of Adani Power has increased three times from its low price level. It closed at Rs. 431.80 on Wednesday’s trading session. In the past year, the company’s shares have provided a return of 431.80% to its investors.
Adani Total Gas share price was trading at Rs. 3,891.75 on January 24, 2022. However, it has now reached Rs. 735.10, resulting in a loss of more than 80% for investors. The share price of Adani Total Gas had reached its lowest level at Rs. 522 during the 52-week period. It has witnessed a significant increase after the Hindenburg report.
The share price of Adani Ports was trading at Rs. 761.20 on January 24, 2023. However, after the release of the Hindenburg report, it dropped to Rs. 395.10. On Wednesday’s trading session, the share price closed at Rs. 835.15, showing a decrease of 5.20%.
From November 30, 2022, to November 29, 2023, the share prices of various Adani group companies witnessed the following increase:
★Adani Wilmar: 44.43%
★Adani Enterprises: 38.21%
★ACI: 25.55%
★Ambuja Cement: 22.89%
★Adani Total Gas: 79.65%
★Adani Energy Solutions: 68.53%
★NDTV: 50.96%
★Adani Green: 48.23%
News Title: Adani Power Share Price 2 December 2023.
People Can Find This Information Useful for: Adani Power, Hindenburg, Adani Group, share price, report, drop, trading, levels, investors, return, Adani Total Gas, Adani Ports, Adani Wilmar, Adani Enterprises, ACIS, Ambuja Cement, Adani Energy Solutions, NDTV, Adani Green
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