Adani group’s mcap soars to Rs 11.31 lakh cr
Market capitalization surges Rs1 trn on Tuesday; Adani Total Gas surges 20%
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New Delhi: Shares of Adani group firms continued to attract heavy investors’ demand on Tuesday, with Adani Total Gas climbing nearly 20 per cent. Investors flocked the counters of all the 10 listed companies, with shares ending with sharp gains even as the equity market depicted huge volatility during the day. The combined market valuation of all the 10 firms soared to Rs11.31 lakh crore at the end of trade on Tuesday. It stood at around Rs10.26 lakh crore at the close of trading on Friday. Thus, the combined market capitalization (Mcap) of all the 10 firms went up by about Rs1 lakh crore on Tuesday.
Shares of Adani Total Gas zoomed 20 per cent, Adani Energy Solutions surged 19.06 per cent, Adani Power soared 12.32 per cent, Adani Green Energy jumped 12.27 per cent, NDTV advanced 11.73 per cent, Adani Wilmar went up by 9.96 per cent and Adani Enterprises climbed 8.66 per cent on the BSE. Adani Ports gained 5.20 per cent, Ambuja Cements climbed 4.22 per cent and ACC went up by 2.62 per cent. The court said that the Securities Exchange Board of India (Sebi) can’t be expected to follow what newspaper reports have said in order to make its findings.
