Shares of Adani group firms closed on a mixed note on Thursday after rising in morning trade amid a volatile trend in the broader market.
Adani Wilmar stock climbed 5 per cent, NDTV climbed 4.99 per cent, Adani Power jumped 4.97 per cent, Adani Ports climbed 1.45 per cent, Adani Enterprises rose 1 per cent and Ambuja Cements rose 0.99 per cent on the BSE.
However, shares of Adani Total Gas declined 5 per cent, Adani Transmission 4.93 per cent, Adani Green Energy 0.69 per cent and ACC 0.55 per cent.
In the broader market, the BSE Sensex ended marginally higher at 61,319.51, up 44.42 points or 0.07 per cent.
Most of the shares of Adani Group closed with gains on Wednesday.
Billionaire Gautam Adani’s embattled conglomerate said its balance sheet is “very healthy” and is focused on continuing business momentum, as it reassures investors to keep faith in the group even as a US small- Shares have declined due to an adverse report by the seller. ,
Group CFO Jugeshinder (Robbie) Singh said in the earnings call that the group has full confidence in its internal controls, compliance and corporate governance.
“Our balance sheet is very strong. We have industry-leading growth capabilities, strong corporate governance, secure assets and strong cash flows,” Singh said.
The group has been under pressure ever since Hindenburg Research accused the group of accounting fraud and stock manipulation on January 24, allegations the group denies as “malicious”, “baseless” and a “planned attack on India”.
Listed companies of the group have lost over $125 billion in market value in three weeks.
Meanwhile, S&P Global Ratings on Thursday placed its ESG rating for Adani Transmission Ltd (ATL) ‘under review’ after the US short-seller raised governance issues at the group.
When monitoring environmental, social and governance (ESG) ratings, S&P uses the term ‘under review’ (and the label ‘UR’) to identify certain ESG ratings that are potentially affected by changing events.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group company.)
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