Adani Enterprises, Adani Ports, Adani Power: Here's Why These Adani Shares Are Trading Lower Today

The share price of Adani group stock experienced a sell-off on Monday as bearish sentiment prevailed in the Indian equity war after Israel Palestine war. Adani group stocks including Adani Enterprises, Adani Ports, and Adani Power traded almost 2% lower today.

Today's poor performance of Adani group shares was also a result of the disappointing performance of the broader market. The Israel-Palestine war dented investors' sentiments and the impact was clearly visible in the domestic equity market eroding almost Rs 4 lakh crore from investors' wealth on Monday. The two benchmark indices Sensex and Nifty fell almost 1% each in today's early morning trade.

The group stocks fell as Iran-backed Hamas launched 5,000 rockets on Israel which killed over 1,000 people. One must note that the Adani Group had earlier this year acquired the Israeli port of Haifa for $1.2 billion. The Port of Haifa is the second largest port in Israel in terms of shipping containers.

Here's how shares of Adani group firms are performing today:

Adani Enterprises:

The share price of Adani Enterprises was down 2.14% at Rs 2424.05 per share at 10:49 am IST today. The stock has a 52 Wk High and 52 Wk low of 4,189.55 and 1,017.10 respectively.

Adani Power Ltd

Adani Power shares fell 4.47% at Rs 348.60 per share at 10:51 am IST today. At this price Adani Power Ltd has a market cap of 1,34,530.03 crore. In the last six months, the stock has gained 82.25%.

Adani Ports and Special Economic Zone Ltd

The share price of Adani Ports and Special Economic Zone (APSEZ) declined 3.68% at Rs 800.00 per share at 11:03 am IST today. The stock has a 52 Wk High and 52 Wk low of 916.00 and 394.95 respectively. In the last six months, the stock has gained 24%.