Shares below Rs 100: Only buyers were seen in these stocks on February 02
About 1,764 shares have advanced, 1,602 declined and 133 are unchanged.
Gautam Shantilal Adani chairman and founder of Adani Group said, "The Board of Directors of the Company at its meeting held today i.e., February 1, 2023, has decided, in the interest of its subscribers, not to proceed with the further public offer (FPO) of equity shares aggregating up to Rs 20,000 crore of face value Rs 1 each on partly paid-up basis, which was fully subscribed".
Gautam Adani also said in a press release, “The Board takes this opportunity to thank all the investors for your support and commitment to our FPO. The subscription for the FPO closed successfully yesterday. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business and its management have been extremely reassuring and humbling. Thank you"
The Adani Group's Board of Directors' decision on FPO has had an impact on the company's stock in recent few days. Today, all Adani Company stocks tumbled and touched a lower circuit. Despite the news, the benchmark Indian indices were trading flat.
At 01:15 pm, BSE Sensex was trading flat, down around 40 points or 0.07 per cent at a level of 59,668.49 and NSE Nifty-50 was trading lower, down around 65 points or 0.37 per cent at 17,551.75. About 1,764 shares have advanced, 1,602 declined and 133 are unchanged.
Following is the list of low-priced stocks that were locked in the upper circuit on February 02:
Investors should keep an eye on these stocks.