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Lower Circuit for Adani Wilmar Shares- 30 percent Decline in Seven Sessions.pdf

IndiaBizz
3 de Feb de 2023
Lower Circuit for Adani Wilmar Shares- 30 percent Decline in Seven Sessions.pdf
Lower Circuit for Adani Wilmar Shares- 30 percent Decline in Seven Sessions.pdf
Lower Circuit for Adani Wilmar Shares- 30 percent Decline in Seven Sessions.pdf
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Indian company profile analysis- Adani, Kotak Mahindra, ICICI SecuritiesIndian company profile analysis- Adani, Kotak Mahindra, ICICI Securities
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Lower Circuit for Adani Wilmar Shares- 30 percent Decline in Seven Sessions.pdf

  1.  February 3, 2023 In the midst of a collapse in the shares of the Adani Group, Adani Wilmar shares fell for the seventh session in a row today. On the BSE, shares of Adani Wilmar began 5% down at Rs 421.45. The stock was constrained to the lower 5% circuit. In the past seven trading days, the stock has decreased 30.14%. Adani Wilmar’s BSE market capitalization fell to Rs 52,039 crore. The price of Adani Wilmar stock is below the moving averages of 5, 20, 50, 100, and 200 days. With today’s decline, the stock has lost 33.28 percent in a month and 35.17 percent in 2023. A total of 0.13 lakh shares of the company were traded, resulting in a turnover on the BSE of Rs 53.43 lakh. Expert Saying According to Abhijeet of Tips2trade, Adani Group stocks, including Adani Wilmar, have fallen precipitously as a result of the withdrawal of the Adani Enterprises FPO, as was to be expected. On the daily charts, Rs 544 presents a very formidable resistance. A definitive daily close below the support level of Rs. 540 has now made a fall to Rs. 363 possible. Investors should only purchase at this point if the Daily close above the Rs 489 barrier. The private banking division of the Swiss financial institution Credit Suisse assigned a zero-lending value on February 1 to the notes offered by Adani Ports and Special Economic Zone, Adani Green Energy, and Adani Electricity Mumbai Ltd. According to a Bloomberg report, it had previously proposed a lending value of roughly 75% for the Adani Ports notes. The private bank of Credit Suisse ceased accepting bonds from the Gautam Adani group of firms as collateral for margin loans to its private banking clients, according to the report. The Adani Enterprises stock then experienced an intraday decline of 35% on February 1. Various other group stocks did likewise. Search here ... RECENT POPULA R COMMO N Mercedes-Benz Expects Double- Digit Growth in 2023  February 3, 2023 From Sequoia Capital India, Freightify secures $12 million  February 3, 2023 Lower Circuit for Adani Wilmar Shares; 30% Decline in Seven Sessions  February 3, 2023 Wunderman Thompson India Secures the Strategy & Design contract for SKODA  February 3, 2023 IHC investment leads Adani Enterprises shares to boost by 5%  January 31, 2023 Shark Tank India 2 – Catching Big Fishes for National Start- Up Day  January 17, 2023  January 19, 2023 Markets Lower Circuit for Adani Wilmar Shares; 30% Decline in Seven Sessions  Home - Markets - Lower Circuit for Adani Wilmar Shares; 30% Decline in Seven Sessions Latest Update Most Viewed  HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS  HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS 
  2. Future Results On February 8, 2023, Adani Wilmar will report its third quarter financial results. Adani Enterprises will be removed from popular sustainability indices as of February 7 according to S&P Dow Jones Indices, which is a bad development for the Adani Group. In the early hours of today’s (February 03, 2023) trading, shares of Adani Enterprises reached its 15% lower circuit limit at Rs 1,330. Following NSE’s decision to add Adani Ports & SEZ, Ambuja Cements, and Adani Enterprises to the framework for enhanced monitoring measures, other group stocks also fell. Last Month Downfall A research by Hindenburg Research published in late January claimed that the Adani Group had engaged in accounting crimes, stock manipulations, and money laundering. The group criticised the Hindenburg study as being unresearched and ill-intentioned, claiming that it had a negative impact on the Adani Group, its shareholders, and investors. However, in a tweet, billionaire investor William Ackman stated that he thought the Adani Group report by short-seller Hindenburg Research was “highly credible and extremely well researched.” The timing of the Hindenburg report’s release, according to Adani Group, clearly reveals a brazen, malicious intention to damage the group’s reputation with the primary goal of undermining Adani Enterprises’ follow-on public offering, which is the largest FPO in Indian history. You can share this post! Leave a Reply Your email address will not be published. Required fields are marked * Comment *  Previous article Wunderman Thompson India Secures the Strategy & Design contract for SKODA Next article  From Sequoia Capital India, Freightify secures $12 million Related Articles General Atlantic Contributes $350 million to PhonePe, Valued at $12 billion Ryan Reynolds Create a ‘Mildly Terrifying’ Ad with ChatGPT  January 31, 2023 Why SME IPOs are unfolding as top fund-raising platform for investors  January 9, 2023 Startups in the Food and Agritech Sectors Provide Investment in FY22  January 16, 2023 RECENT POPULA R COMMO N Mercedes-Benz Expects Double- Digit Growth in 2023  February 3, 2023 From Sequoia Capital India, Freightify secures $12 million  February 3, 2023 Lower Circuit for Adani Wilmar Shares; 30% Decline in Seven Sessions  February 3, 2023 Subscribe to our mailing ITC stock rises more than 6% to a…  February 2, 2023 MARKETS Colgate Shares Increase in Value as the Sensex…  February 1, 2023 MARKETS IHC inves Enterpris  Januar MARKETS Most Reviews Newsletter HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS 
  3. POST COMMENT Name * Email * list to get the new updates!  Subscribe our newsletter to stay updated Your email a  About Indiabiz Recent Post Mercedes-Benz Expects Double-Digit Growth in 2023  February 3, 2023 From Sequoia Capital India, Freightify secures $12 million  February 3, 2023 Lower Circuit for Adani Wilmar Shares; 30% Decline in Seven Sessions  February 3, 2023 Popular Categories Campaigns Digital Media Fund Raising Marketing Markets Politics Startups Uncategorized Trending Post IHC investment leads Adani Enterprises shares to boost by 5% Shark Tank India 2 – Catching Big Fishes for National Start-Up Day General Atlantic Contributes $350 million to PhonePe, Valued at $12 billion © Copyright Indiabiz.live 2022. Designed and Developed by Indiabiz 
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