Adani Enterprises slips for seventh day, falls 5%; stock tanks 9% in 1 week

The stock was down 5% to Rs 3,280 on the NSE in the intra-day trade today, falling 16% from its record high level of Rs 3,885

Shares of Adani Enterprises slipped 5 per cent to Rs 3,280 on the National Stock Exchange (NSE) in Monday's intra-day trade. The stock of the Adani Group's flagship company was trading lower for the seventh straight day, and has fallen 12 per cent during the period. It has corrected 16 per cent from its record high level of Rs 3,885, touched on September 20.

At 01:09 PM, Adani Enterprises was the top loser among Nifty50 stocks, with 4.8 per cent decline, as compared to 0.41 per cent fall in the benchmark index. Adani Enterprises joined the benchmark index, the