Adani Group’s Mcap Surges To Rs 12.8 Trn

Mumbai: Adani Group shares saw a bullish trend on Tuesday, as buying was seen in almost all of the group’s stocks, led by Adani Green Energy and Adani Power. At 1.19 p.m., Adani Green Energy gained 2.47 per cent, Adani Power gained 2.33 per cent, and Adani Energy Solutions gained 1.96 per cent. Apart from this, Adani Group’s flagship company Adani Enterprises stock was up 1.72 per cent.

Adani Ports and Special Economic Zone (APSEZ) stock is trading with a gain of 1.36 per cent and Adani Total Gas stock is up by about 0.3 per cent.The stock of the group’s cement companies Ambuja and ACC was up by about 1.50 per cent.

During this period, the market cap of the group has increased by about Rs 16,000 crore to nearly Rs 12.80 lakh crore.In the recent past, there have been many positive developments about Adani Group’s companies that boost investors’ confidence.

Recently, Adani Petrochemicals, a subsidiary of Adani Enterprises, announced a joint venture with Indorama Resources named ‘Valor Petrochem’. Adani Petrochemicals will have a 50 per cent stake in this joint venture.