The shares of Adani Power put a 20 per cent upper circuit on Monday.
On Monday, the shares of the companies of Adani Group saw a boom for the second consecutive day. After the market regulator SEBI’s order to dismiss the allegations in the Hindonburg Research case, Adani Power reached a 15 -month high. On the other hand, the shares of other companies of the group are also increasing. Adani Total Gas, Adani Green Energy, Adani Enterprises, Adani Port, Sanghi Industries and Adani’s cement companies remain shared rockets. The special thing is that on Friday, there was an increase of 69 thousand thousand crore rupees in the valuation of the company. Whereas on Monday, the value of the group saw an increase of Rs 1.13 lakh crore. This means that the valuation of Adani Group has seen an increase of Rs 1.7 lakh crore in two days. Let us also tell you how fast the shares of Adani Group are seeing.
Rocket became rocket shares of Adani Group
Adani power on BSE has increased by 19.99 percent to one and a half year high with Rs 170.15. Adani total gas rises 17.49 per cent, Adani Green Energy 8.12 per cent and Adani Energy Solutions 5.67 per cent. Among other group companies, Adani Enterprises increased by 4 per cent, NDTV 3.51 per cent, 3.29 per cent in Sanghi Industries, Adani Ports increased by 2 per cent, while ACC and Ambuja Cements increased by 2-2 per cent. Surprisingly, there is pressure in the overall stock market. The Sensex is seeing a decline of more than 500 points. While the Nifty is seeing a decline of 131 points.
How much increase in market cap of companies
|
Company name |
Market cap on Monday ,In crores rupees, |
The company’s market cap on Friday ,In crores rupees, |
How much increased ,In crores rupees, |
|
Adani Enterprises |
3,03,543.76 |
2,91,188.25 |
12,355.51 |
|
Adani Port and SEZ |
3,12,140.08 |
3,08,413.83 |
3,726.25 |
|
Adani power |
3,28,129.08 |
2,73,456.97 |
54,672.11 |
|
Adani Green Energy |
1,84,192.15 |
1,64,854.38 |
19,337.77 |
|
Adani Energy Solutions |
1,12,698.33 |
1,05,388.52 |
7,309.81 |
|
Adani Total Gas |
85,878.67 |
71,641.63 |
14,237.04 |
|
ACC Limited |
35,327.48 |
35,266.44 |
61.04 |
|
Ambuja Cement |
1,46,060.05 |
1,43,996.07 |
2,063.98 |
|
NDTV |
1,480.82 |
1,462.20 |
53.61 |
|
Sanghi industries |
1,738.28 |
1,693.32 |
44.96 |
|
total |
15,11,223.69 |
13,97,361.61 |
1,13,862.08 |
|
Source, Bombay stock exchange |
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SEBI gets clean chit from Adani Group
The boom came when SEBI said in his order on Thursday that the regulator found no evidence of stock manipulation or misuse of the concerned side, as the US -based short seller Hindonberg Research accused in early 2023. On Friday, the shares of the Adani Group also closed with a strong gain, in which Adani Power jumped more than 12 per cent. According to a report by Reuters, the global brokerage firm Jefferies has repeated a “bing” rating with a target price of Rs 3,000 on Adani Enterprises, which is 25 per cent higher than the previous closed price. Brokerage said that the new tariffs at all airports operated by the company, except Mumbai, are expected to increase income, and by financial year 2027-28 per passenger air income is expected to increase by 1.5 to 2.5 times.