DSIJ Mindshare

‘Black Friday for Adani stocks; know the top 5 mutual funds that have suffered the most!

Black Friday for Adani stocks: Stocks fall like a pack of cards, five mutual funds which are the most affected.

Karan Dsij 6 28194 Article rating: 3.9

The important point is the fact after Adani Enterprises’ inclusion in the Nifty50 index, it forced exchange-traded funds (ETFs) and index funds- on which rides a lot of pension money to buy the stock that traded at an astronomically high P/E multiple.

An investment of Rs 69,000 in Adani Enterprises would have turned into over Rs 1 crore; know how!

The stock of Adani Enterprises was quoted at Rs 69.05 at the beginning of 2015 and 1,000 shares of Adani Enterprises would cost Rs 69,050 (Rs 69.05*1000)!

Karan Dsij 3 55422 Article rating: 3.9

The success of Adani Group Chairman is not hidden from anyone and certainly, it is one of those stories that need to be written in golden words in the history of India. Now comes the most important question, what about the shareholders of Adani Enterprises? What would be their wealth if they continue to hold the stock of Adani Enterprises?  

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