Adani Group Market Cap has increased to about Rs 8.85 lakh crore till 6 March. Whereas on February 27, the market cap of Adani Group was Rs 6.82 lakh crore. During this, the market cap of Adani Group increased by more than Rs 2 lakh crore.
Adani Group Shares The risk factor is continuously decreasing. Nervous investors have got a lot of relief from the mega block deal. Adani shares have registered a steady rise in five trading days, most of which have registered double digit gains in percentage terms. Adani’s shares have seen an increase of 45 percent in these trading sessions. Because of which the market cap of Adani Group has seen an increase of more than Rs 2 lakh crore.
On Monday, shares of flagship firm Adani Enterprises rose 5.5 per cent on the BSE, while Adani Ports gained nearly 1 per cent. Adani Wilmar, Adani Power, Adani Total Gas, Adani Green Energy and Adani Transmission all hit upper circuit of 5 per cent. NDTV’s stock also saw a rise of 5 percent. However, cement companies Ambuja Cements declined by 1.7 per cent and ACC shares by 1.5 per cent.
Profit of more than 2 lakh crores in five days
By the end of 6th March, the total market cap of Adani Group stood at around Rs 8.85 lakh crore. Whereas on February 27, the market cap of Adani Group was Rs 6.82 lakh crore. During this, the market cap of Adani Group increased by more than Rs 2 lakh crore. In terms of market share, Adani Enterprises is the most valuable company of the group. By March 6, its market cap increased to Rs 2,26,045.12 crore. After this, the market cap of Adani Ports has come down to Rs 1,49,157.59 crore.
Moreover, as at the end of March 6, Adani Transmission has an m-cap of Rs 87,108.82 crore, Adani Total Gas at Rs 90,283.41 crore. Adani Power Rs 68,614.94 crore, Adani Wilmar Rs 57,081.88 crore, Adani Green Energy Rs 93,473.76 crore, Ambuja Cements Rs 76,556.55 crore, ACC Rs 35,035.47 crore and NDTV Rs 1,489.29 crore.
How much did the shares rise in five days
Adani’s shares are increasing since 28 February. Since then, the share price of Adani Enterprises on BSE has gained 45.36 per cent, the most in the group. Besides, Adani Power, Adani Wilmar and Adani Green Energy have rallied for five days in a row, with gains of around 21.5 per cent each. Meanwhile, Adani Ports has been one of the top Adani Group stocks with gains for the eighth consecutive day. In five trading sessions, the stock has gained over 16.5 per cent.
While Adani Transmission and Adani Total Gas have continued to accelerate in four consecutive trading sessions. Both have seen an increase of about 21% and 21.5% respectively. Unlike Adani’s other stocks, profit growth in the cement business has been very slow. Ambuja Cements and ACC have gained around 13 per cent and 8 per cent on BSE.
GQG Partners has made a hefty investment
US-based investment boutique GQG Partners has bought equity shares of four Adani Group companies for Rs 15,446 crore in a block deal. Since then, the shares of Adani Group are seeing a steady rise. GQG invested Rs 5,460 crore in Adani Enterprises, Rs 5,282 crore in Adani Ports, Rs 1,898 crore in Adani Total Gas and Rs 2,806 crore in Adani Green Energy. In percentage terms, GQG bought 2-4 per cent stake in these companies.
There was an uproar after the report of Hindenburg Research
In the last week of January, the report of America’s short seller Hindenburg Research came. In which Adani was accused of stock manipulation. It was claimed in the report that Adani Group has committed the world’s biggest corporate fraud. After which there was a continuous decline in the shares of Adani Group. Due to this decline, the market cap of Adani Group had fallen by more than Rs 12 lakh crore. At present, the Supreme Court has asked SEBI to submit a report in two months to investigate the matter and has also constituted a committee.
Source: www.tv9hindi.com
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