Friday, July 12, 2024
HomeMarket NewsAdani shares under pressure after new report on stock manipulation

Adani shares under pressure after new report on stock manipulation

Published on

Latest articles

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in The Indian Plastics Industry recognised veterans and innovators

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in...

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...

Nadeem Amin is the New President for Netstal Americas

Nadeem Amin is the New President for Netstal Americas Netstal appoints Nadeem Amin as its...


Adani shares cracked between 1-3% in early trade on Thursday after a new report from the Soros-backed Organised Crime and Corruption Reporting Project (OCCRP), shared with the Guardian and the Financial Times, revived allegations against the group for using complex offshore operations in Mauritius, to prop up group stocks from 2013 to 2018.

Flagship Adani Enterprises was down 2 per cent to Rs 2,460.7 apiece on the NSE at 9.45 am. Adani Ports and Special Economic Zone was trading lower by 1.5 per cent.

Adani Power slid 2.7% to Rs 319.3, while Adani Wilmar was down 1.1% to Rs 365.

Adani Total Gas and Adani Green Energy were down 2.1 per cent and 2.45 per cent, respectively. ACC shed 1.55 per cent and Ambuja Cement was down 1.5 per cent. NDTV shares slipped one per cent.

OCCRP said it found at least two cases where the family associates bought and sold Adani stock through offshore structures over several years.





Source link

More like this

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in The Indian Plastics Industry recognised veterans and innovators

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in...

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...