New Delhi: Only a few days are left for the year 2024 to end. This year has been a loss for Gautam Adani. This year there were many such occasions when the shares of Adani Group companies fell. At the same time, not even half of all the companies in the group were profitable. This year the market cap of 10 companies of Adani Group fell badly. According to Economic Times, last year the market cap of 10 companies of Adani Group was Rs 14,19,580 crore. This year (till December 12), the market cap of all Adani Group companies has fallen by 6.2% to Rs 13,31,775 crore. That means this year the market cap has declined by Rs 87,805 crore. The biggest decline came in Adani Green Energy. Adani Group has 11 listed companies in its portfolio. Among these, Sanghi Industries is the newest company. The market cap of the company is Rs 2042 crore and it has been excluded from all market cap calculations in the year 2024.
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Market cap of these companies increased
Out of 10 companies of Adani Group, the market cap of only 3 has increased this year. Companies whose market cap has increased include ACC, Adani Ports and Ambuja Cement. Apart from this, the market cap of all other companies has fallen.
Biggest decline in Adani Green Energy
This year, the market cap of Adani Green Energy Company has fallen the most in a year. There was a decline of Rs 71115 crore. At the same time its shares have declined by about 28%. The biggest reason for the decline was the bribery allegations filed in the American courts. After the bribery allegations against Adani, the shares of this company had fallen the most, because the case was related to this company.
The biggest reasons for the decline
The decline in the market cap of Adani Group companies occurred due to many reasons. These include market decline, income related matters and the recent controversy related to the indictment of the US court. The average decline in Adani shares in the year 2024 is 11%, while the Nifty has gained 13%.