Adani group market capitalization passes over USD 100 bn

Adani group enters the list of companies to have a market capitalization of more than USD 100 billion. Consequently, the shares of four listed companies from the group moved up to their highest yesterday.

As per the reports, the stock market recorded a market capitalization of Rs 7.84 lakh crore. This consists of the six listed companies of the Adani group.

From India, Adani group counts as the third conglomerate company to mark market capitalization above USD 100 billion. The other two companies to enter into the list are Tata Group and Reliance Industries Ltd.

Till now, the company managed to direct over seven airports also controls about one-fourth part of India’s air traffic. It picked up pace in renewable energy and entered into a contract for co-joint development Sri Lankan port terminal. Also, it acquired ports in India.

Adani group contributes 30 percent in the total port industry of the country.

The plan of the Anadi green intends to add 25 gigawatts of renewable capacity by 2025.

The price of Adani Enterprise Ltd as per NSE opened with Rs 1233.40 on Wednesday.

Adani Ports’ share price opened with Rs 857. The price of 1000 hours was Rs 859.35 as per NSE.

Adani Total Gas ltd price on 1000 hours was Rs 1165 and moved 3.99 % down.

Adani Transmission opened with a price of Rs 1114.50 and was Rs 1075 on 1000 hours.

Also, Adani Green opened with Rs 1215 and touched Rs 1213.50 on 1000 hours as per NSE.

The market capitalization of five listed companies of Adani Group touched market capitalization above Rs 1 lakh crore. On the other hand, the market capitalization of Adani Power amounts to Rs 37,952.28 crore.

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