Mumbai, 17th June 2021: Shares of several companies of India’s leading industrialist Gautam Adani’s Adani Group have been in the lower circuit for the last four consecutive sessions. This has increased the concerns of investors investing in group companies. With this latest development, there is a constant question in the minds of retail investors investing in Adani Group companies whether they should hold these shares or sell them at a loss.
F&O expiry is important
Kishor Ostwal, CMD, CNI Research Limited said that investors should wait till the expiry of futures and options (F&O). He said that those who have shares in Adani Group companies should hold them for the time being. There is a possibility of a slight improvement in its price after 24th June. At the same time, investors who want to buy shares should buy shares of these group companies around June 22-23.
Investors should take a cautious approach
Mahesh C Gupta, Vice Chairman and Managing Director, SMC Global Securities said that the Adani Group and NSE have clarified in Monday’s report. Despite this, the shares of group companies are falling continuously. In such a situation, investors should be cautious while adopting the strategy of wait and watch. Retail investors should place stop loss according to their risk appetite. However, there is no need to panic much. The shares of the group companies are passing through the phase of consolidation.
Shares are constantly falling at low circuit
The price of one share of Adani Power closed at Rs 148.30 on Friday (June 11, 2018). On Monday, the company’s stock fell to Rs 140.90. After this, Adani Power Share Price fell to Rs 133.90 on Tuesday. On Wednesday, the company’s stock once again hit the lower circuit and closed at Rs 127.25. On Thursday, once again the company’s stock hit a lower circuit and its price fell to 120.90.
Similarly, the share of Adani Total Gas Limited closed at Rs 1,626.20 on June 11, 2021. On the first day of this week i.e. June 14, 2021, the company’s stock fell at Rs 1,544.90, on June 15, Rs 1,467.70 and on June 16, at Rs 1,394.35.
Similarly, the share of Adani Transmission Limited closed at Rs 1,540 on July 11, 2021. It fell to Rs 1,522.50 on June 14, Rs 1,446.40 on June 15 and closed at Rs 1,374.10 on June 16.Follow Punekar News: