Even though the stock market is booming these days, but there are many stocks which are continuously falling. There is also a huge decline in the shares of a company of Gautam Adani. This share belongs to Adani Transmission, a company of Adani Group. Shares of Adani Transmission have fallen over 80 per cent from their 52-week high. On September 16, 2022, the company’s shares were at a level of Rs 4238.55 on BSE. Whereas on 30 June 2023 it closed at Rs 767.50. Investors are suffering the most due to the continuous fall in the shares.
Adani Transmission stock continues to fall
The stock of Adani Transmission continues to decline. Adani Transmission’s 52 week low is Rs 630. On September 16, 2022, the stock of Adani Transmission closed at Rs 4238.55 on the Bombay Stock Exchange. According to experts, this fall in the shares of Adani Transmission is due to the block deal. According to the report, the deal for 4.3 crore shares of Adani Transmission has already been done. However, no information was received about the seller and buyer of the shares.
Effect of Hindenburg Report
The report of American research firm Hindenburg came out in January this year. After this, there was a huge decline in the shares of all Adani companies. Due to this, the stock of Adani Transmission also saw a decline. After this report, the shares of all the companies of Adani Group crashed, due to which Gautam Adani as well as investors had to suffer huge losses.
always seek expert advice
It is not advisable to invest in the stock market without knowledge. In such a situation, before buying and selling any share, you must talk to your financial advisor once. If you do not do this then you may suffer financial loss. Investors have made bumper profits in many stocks in the stock market. But there are many stocks in which investors have suffered huge losses.