Most of Adani Group cos hit lower circuit limit, Adani Ent and Adani Ports dive 25% intra-day

New Delhi: Shares of all Adani Group companies tumbled on Tuesday, with many firms hitting their lower circuit limit, as counting trends showed the ruling BJP may fall short of a clear majority in the Lok Sabha elections.

The combined market valuation of all the 10 listed firms eroded by Rs 3.64 lakh crore, tracking sharp declines in the group companies.

At the close of trade, the stock of Adani Ports plummeted 21.26 per cent, Adani Energy Solutions plunged 20 per cent, group’s flagship firm Adani Enterprises tanked 19.35 per cent, Adani Green Energy dived 19.20 per cent on the BSE.

Adani Total Gas declined 18.88 per cent, NDTV went lower by 18.52 per cent, Adani Power slumped 17.27 per cent and Ambuja Cements tumbled 16.88 per cent.

Shares of ACC plunged 14.71 per cent and Adani Wilmar dropped 9.98 per cent.

Eight of the 10 group firms hit their lower circuit limits during the day.

In intra-day trade, Adani Enterprises plunged 25 per cent to hit the lower circuit limit.

Shares of Adani Ports dived 25 per cent to its lower circuit limit and Ambuja Cements crashed 22.5 per cent to hit the lowest trading permissible limit for the day.

Adani Power nosedived 20 per cent to its lowest trading permissible limit for the day and Adani Energy slumped 20 per cent to its lower circuit level.

The stock of Adani Green plummeted 20 per cent to hit the lower circuit level and Adani Total Gas cracked 19.89 per cent.

NDTV dropped 19.98 per cent, ACC went lower by 19.69 per cent to its lower circuit level and Adani Wilmar declined by 10 per cent to hit the lower circuit limit.

The combined market valuation of all the 10 listed companies stood at Rs 15,78,346.79 crore, recording a loss of Rs 3,64,366.12 crore from Monday’s gain. At the close of trade on Monday, the combined market valuation of all the 10 listed firms stood at Rs 19,42,712.91 crore.

Stocks of seven of the group firms, including Adani Enterprises, Adani Energy, Adani Green and Adani Total, fell below their pre-Hindenburg Research report levels with Tuesday’s crash.

Erasing the record-rally of the previous trade, the 30-share BSE Sensex dropped 4,389.73 points or 5.74 per cent to settle at 72,079.05, and the Nifty slumped 1,379.40 points or 5.93 per cent to 21,884.50.

During the day, the BSE benchmark tanked 6,234.35 points or 8.15 per cent to 70,234.43. The Nifty lost 1,982.45 points or 8.52 per cent to 21,281.45 during the day.