Diwali has brought gifts for the country’s second richest person and billionaire industrialist Gautam Adani. Despite being continuously targeted by the opposition, Gautam Adani is writing a new story of progress and on the day of Chhoti Diwali, his group and the shareholders of his companies have got a profit of Rs 39,000 crore.
In fact, the market capitalization (MCAP) of the stock market listed companies of Adani Group led by Gautam Adani has increased tremendously this week. The total mcap of the total 10 listed companies of the group has increased by more than Rs 39,000 crore this week. While the increase in mcap of a company or group reflects better returns on the shares held by its shareholders, it also enhances the credibility of the company or group.
mcap crossed 15.5 lakh crores
With this increase in market capitalization, the total mcap of Adani Group has now crossed Rs 15.5 lakh crore. This has happened when Adani Group continues to be the target of the country’s main opposition party Congress. According to stock market data, the market capitalization of 9 out of 10 listed companies of Adani Group operating in the port to energy sector has increased tremendously in three days of trading due to their better quarterly results.
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By how much did the market capitalization of which company increase?
The mcap of Adani Enterprises Limited, the flagship company of Adani Group, has increased the most by Rs 23,268 crore during this period. Whereas the MCAP of Adani Ports and SEZ saw an increase of Rs 9,440 crore. Adani Power Limited of Adani Group was the only company whose market capitalization has fallen in these three days.
Among other group companies, the mcap of Adani Energy Solutions Limited, Adani Green Energy Limited, Adani Total Gas Limited, Adani Wilmar Limited, NDTV, ACC Limited and Ambuja Cement has increased. The group’s two oldest companies – Adani Enterprises Limited (AEL) and Adani Ports and SEZ Limited (APSEZ) have registered a growth of almost eight times and 37 percent in net profit respectively.
