On Monday, Adani Group Companies will be in focus for many reasons. After Hindenburg and OCCRP report, Adani Group companies shares are falling day by day.
Reasons Behind Adani Group Stock in Focus:
In Adani Ports, promoters raised their stake by 2.17% on the dates of August 14 and September 8. The total stake of the promoter in this company is 65.23%.
Likely, Promters increased their stake in Adani Enterprises by 2.6% on August 21 and September 7. At this time, the promoters own 71.93% of the company.
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Adani Group and Kowa Holdings run a joint venture for the sale of Green Ammonia and Hydrogen. Adani Group and Kowa Holdings are 50-50 partners in the joint venture.
Adani Group shares are recovering from the effects of Hindenburg and OCCRP reports. Compared to pre-Hindenburg levels, the stock price of Adani Ports is higher.
Disclaimer: Tradingminds does not provide advice or specific recommendations on investment decisions. (Before investing in the share market, do your research or seek advice from a financial advisor.)
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