Stocks of all the ten listed Adani group firms ended lower on Tuesday, with flagship firm Adani Enterprises tanking over seven per cent amid a weak trend in the equity markets.
The shares of Adani Enterprises Ltd (AEL) plunged 7.25 per cent to close at Rs 1,737.75 apiece on the BSE. The company also hit its lower price band of Rs 1,686.25 on the BSE. Its market capitalisation stood at Rs 1.98 lakh crore.
Adani Ports and Special Economic Zone (APSEZ) declined 3.93 per cent to settle at Rs 654.20. The firm's market valuation dropped to Rs 1.41 lakh crore.
At the close, Adani Power, Adani Transmission, Adani Total Gas and NDTV slumped 5 per cent each and also hit their lower price bands on the exchange.
Adani Power closed at Rs 204.75, Adani Transmission at Rs 901.55, Adani Total Gas at Rs 947.80 and NDTV at Rs 211.05.
Also, shares of Adani Wilmar plunged 4.96 per cent to settle at Rs 413.80, Ambuja Cements declined 3.94 per cent to close at Rs 353.35, ACC dived 1.78 per cent to end at Rs 1,738.55 and Adani Green Energy fell 1.55 per cent to close at Rs 706.10 on the BSE.
The 30-share BSE Sensex tumbled 337.66 points or 0.58 per cent lower to close at 57,900.19 points. The broader NSE Nifty dipped 111 points or 0.65 per cent to end at 17,043.30 points.
On Monday, shares of six Adani group firms out of ten listed entities ended the day in the negative territory amid a volatile trend in the equity markets.
At the close, six of the group firms were in the red territory while four were in the green.
After taking a beating on the bourses, following a report by US-based short seller Hindenburg Research, the group stocks had recovered. However, amid sluggish broader market trends, the group's stocks have declined in the last few trading sessions.
The report had made a litany of allegations, including fraudulent transactions and share-price manipulation, against it.
The group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
