Adani Enterprises on August 12, 2024,faced significant challenges in the Indian stock market, primarily due to the ongoing impact of the Hindenburg report, which alleged misconduct involving SEBI Chairperson Madhabi Puri Buch and her association with the Adani Group. This report has caused widespread concern among investors, leading to a notable sell-off across several Adani Group stocks.
Adani Enterprises: Share Price and Key Levels
Adani Enterprises, the flagship company of the Adani Group, experienced considerable pressure during the trading session. The stock opened lower, reflecting investor apprehension, and continued to decline as the session progressed.
– Current Price: As of mid-morning on August 12, 2024, Adani Enterprises was trading at ₹1,760.75, reflecting a significant decline of approximately 7.72% from its previous close.
– Important Levels: The stock is currently hovering near its support level at ₹1,700. A breach of this level could lead to further declines, while resistance is noted at ₹1,800, which would need to be overcome to signal a potential recovery.
For more details, you can refer to [Livemint](https://www.livemint.com) and [Zee Business](https://www.zeebiz.com).
Adani Power: Share Price and Key Levels
Adani Power, another significant entity within the group, also saw a marked decrease in its share price during the session.
– Current Price: Adani Power was trading at ₹662.25, down by 4.73%, making it one of the most impacted stocks within the Adani Group on this particular day.
– Important Levels: The stock is testing support around ₹650. Should this level fail to hold, it could lead to further downside. The resistance level is observed around ₹680, which would be a key level for any potential rebound.
Further information can be found on [Zee Business](https://www.zeebiz.com) and [Livemint](https://www.livemint.com).
Adani Ports and SEZ: Share Price and Key Levels
Adani Ports and SEZ also encountered selling pressure, reflecting the broader market sentiment.
– Current Price: Trading at ₹415.50, down by 0.55% in early trading sessions.
– Important Levels: Support is identified at ₹410, with resistance expected around ₹425. A fall below the support level could indicate more downside, whereas a move above the resistance might suggest recovery potential.
You can check more details on [Livemint](https://www.livemint.com).
Adani Green Energy: Share Price and Key Levels
Adani Green Energy, part of the group’s renewable energy segment, faced significant declines.
– Current Price: The stock was trading at ₹189.60, down by 8.84%.
– Important Levels: Analysts are watching the support level at ₹185 closely, with resistance seen around ₹195. A breach of the support level could lead to further bearish movements, while resistance must be overcome for any positive reversal.
Refer to [Livemint](https://www.livemint.com) and [Zee Business](https://www.zeebiz.com) for further insights.
Adani Transmission: Share Price and Key Levels
Adani Transmission also saw a downward trend, aligning with the group’s broader performance.
– Current Price: Trading around ₹415.50, down by 0.55%.
– Important Levels: The stock has support around ₹410 and resistance near ₹420. These levels will be critical in determining the stock’s next move.
For additional details, visit [Zee Business](https://www.zeebiz.com).
Conclusion
The trading session on August 12, 2024, highlighted the vulnerability of Adani Group stocks amidst the ongoing regulatory scrutiny and market volatility. With significant declines observed across major stocks like Adani Enterprises, Adani Power, and Adani Green Energy, the market’s reaction to the Hindenburg report remains a critical factor influencing investor sentiment.
Investors are advised to keep a close watch on the support and resistance levels mentioned, as these will play a crucial role in determining the future direction of these stocks. For more detailed and real-time updates, it is recommended to follow reputable financial news platforms such as [Livemint](https://www.livemint.com) and [Zee Business](https://www.zeebiz.com)
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