June 4 (Punjab Khabarnama) : Due to the election results coming contrary to the exit polls, there has been a sharp decline in the stock market. Especially the shares of Adani Group companies have crashed. However, experts say that any decision should be taken only after the election results. At 9:45 am, the market cap of the group fell by Rs 1.5 lakh crore.
Shares of Adani Group companies crashed
Adani Green –17 percent
Adani Energy –13 percent
Adani Enterprises –10 percent
Adani Power –13 percent
NDTV –13 percent
Sinks Rs 1.5 lakh crore
Shares of Adani Group companies have fallen sharply. Their market cap has come down from Rs 19.45 lakh crore to Rs 18 lakh crore.
In May 2024, Adani Ports handled 35.8 MMT cargo volume which remained almost flat on a yearly basis. According to the company, it suffered a loss of about 6 MMT cargo volume in April and May, but as the business has resumed, this loss will be compensated in the coming months.
The company’s Mundra port had a cargo volume of 17.6 MMT (million metric tonnes) in May, which is the highest in a month at any port in the country.