Adani Group Mcap Surges By Rs 1.25L Cr

Mumbai: The Adani Group saw a stupendous rise in its market capitalisation on Wednesday, adding nearly Rs 1.25 lakh crore to its value, as shares of its portfolio of companies rallied by up to 20 per cent, led by Adani Power and Adani Green. This brought the total market capitalisation of the conglomerate to approximately Rs 12.47 lakh crore.

Shares of Adani Power Limited (APL) and Adani Total Gas Limited (ATGL) closed with an upper circuit of 20 per cent at Rs 525 and Rs 695 apiece, respectively. Meanwhile, shares of Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) closed at Rs 988 and Rs 660, respectively, with an upper circuit of 10 per cent. Meanwhile, the share of Adani Enterprises Limited (AEL), the flagship company of Adani Group, closed at Rs 2,399 with a gain of 11.56 per cent.

The Adani Ports stock surged by 5.90 per cent, Adani Wilmar went up by 8.31 per cent, Ambuja Cement closed with a gain of 4.51 per cent, ACC shares went up by 4.05 per cent, and NDTV shares closed with a gain of 9.26 per cent. Shares of all Adani Portfolio companies had opened in green.

The strong recovery in stocks came after a stock exchange filing by Adani Green Energy Ltd.