After January 24, the troubles of Adani Group are not taking the name of abatement. Even as the Hindenburg report did not subside, the allegation of Wikipedia’s independent newspaper The Signpost has created a stir among investors, after which all the shares of Adani Group saw a big fall today. All 10 shares of billionaire Gautam Adani came under selling pressure, leading most to hit the lower circuit. Today, the market cap of Adani Group has decreased by Rs 8 lakh crore in just one day.
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According to stock market experts, investors have lost Rs 40,000 crore due to the fall in Adani Group’s shares today. Shares of Adani Enterprises, the flagship company of Adani Group, closed at Rs 1397, down 11.05%.
All 10 shares of Adani Group declined
Adani Enterprises was the biggest loser with 11.5% decline, followed by Adani Transmission, Adani Total Gas, Adani Wilmar, Adani Green, Adani Power, NDTV and ACC losing 5% each today. At the same time, the shares of Adani Ports and Ambuja Cement saw a decline of 6%.
Modi hatao, desh bachao’: दिल्ली में लगे ‘मोदी हटाओ देश बचाओ’ के पोस्टर, 100 से ज्यादा FIR दर्ज, कई अरेस्ट
दिल्ली में कुछ जगहों पर लगे पोस्टरों पर सवाल है और सियासी बवाल है.#modihataodeshbachao #modihataodeshbachaoposter #bjphataodeshbachao #deshbachao #deshbachaoposters pic.twitter.com/ISfRjj6vSz
— Shubham Yadav (@Shubham83610285) March 22, 2023
Adani Group’s market cap came down 70% from high
Rohan Shah, head of technical research at Stocksbox,
said that “Adani Group’s market cap has come down by 70% from its high,
which was around Rs 25 lakh crore, now it has become Rs 7.55 lakh crore.”
What was the allegation on Adani Group of Wikipedia
On the previous day, Anderson, head of American short selling firm Hindenburg Research,
tweeted an article from independent newspaper The Signpost of Wikipedia. It was alleged in that article that the Adani Group tampered with the entries made in Wikipedia through sock puppets. sock puppet wrote false and exaggerated things about Gautam Adani, his business, family.
What is Sock puppet
Sock puppet is called such a fake account active on the Internet, which creates public opinion in favor of a person or issue by using other platforms including blog, Facebook, Twitter.
Pols aagai pols: #KanganaRanaut ने #DiljitDosanjh को दी चेतावनी, खालिस्तानियों का ‘समर्थन’ करने पर गिरफ्तार होंगे ,#KanganaRanaut ने #DiljitDosanjh को लेकर ट्विटर और इंस्टाग्राम पर एक पोस्ट शेयर करते हुए उन्हें चेतावनी दी है कि उन्हें जल्द ही गिरफ्तार कर लिया जाएगा. pic.twitter.com/Wtemxq78hH
— Shubham Yadav (@Shubham83610285) March 22, 2023