Adani enterprises share price nse

Leading bourse National Stock Exchange (NSE) on June 6 raised the price band of four Adani Group firms, including Adani Power and Adani Transmission. The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. BSE, NSE put Adani Enterprises under short-term ASM framework NSE has enhanced the circuit limit of Adani Power to a maximum of 20% from the current limit of 5%. In addition, the exchange has increased the circuit limit of Adani Wilmar, Adani Green Energy and Adani Transmission to 10% from the present 5% level. The exchange has decided to revise the circuit limit of a total of 172 companies. In January, bourses BSE and NSE lowered the circuit limit of Adani Transmission, Adani Green Energy and Adani Total Gas. Generally, exchanges set the circuit limits to curb large movements in the price of shares in a very short time. The decision was taken after the heavy beating of the Adani stocks following the allegations made by U.S.-based Hindenburg Research against the group. The Hindenburg report alleged stock manipulation and fraud by the conglomerate. The Adani Group attacked Hindenburg as "an unethical short seller", stating that the report by the New York-based entity was "nothing but a lie".

Adani Enterprises Ltd. is a Public Limited Listed company incorporated on 02/03/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L51100GJ1993PLC019067 and registration number is 019067. Currently Company is involved in the business activities of Wholesale of solid, liquid and gaseous fuels and related products. Company’s Total Operating Revenue is Rs. 26824.05 Cr. and Equity Capital is Rs. 109.98 Cr. for the Year ended 31/03/2022.

Getty Images Synopsis India’s green hydrogen mission faces a big jolt, as Adani, which had earlier committed USD50 billion for the project, says there is likely to be no capex allocation on this in FY25. The company’s major expansion plans for the green hydrogen business will be only taken up after 2026 or 2028. Call it collateral damage.When a report by Hindenburg Research accused Adani group of accounting fraud and stock manipulations, it was not only the shares of the conglomerate that took a hit. India’s ambition to become a key player in green hydrogen, too, got the chill.In June 2022, the Gautam Adani-led group committed to invest USD50 billion to produce the world's cheapest green hydrogen. But the company has now hit a pause button on this,