With Rs 1.05 trillion, Adani Power is the sixth Adani Group company which has touched the Rs 1-trillion m-cap milestone
Adani Power joined the elite group of companies with market capitalisation (m-cap) of Rs 1 trillion after the stock of Gautam Adani-led electric utilities company hit a new high of Rs 272.15. The shares were up 5 per cent on the BSE in an otherwise a weak market on Monday.
At 01:24 PM, Adani Power stood at 49th position in overall market-cap ranking with an m-cap of Rs 1.05 trillion, BSE data shows. On Friday, Adani Power had entered the list of top-50, most valued companies, in terms of market-cap. With today’s rally, the stock has zoomed 90 per cent in the past one month as compared to 1 per cent decline in the S&P BSE Sensex.
Adani Power is the sixth Adani Group Company with a market-cap of over Rs 1 trillion. Adani Green Energy (Rs 4.42 trillion), Adani Transmission (Rs 2.93 trillion), Adani Total Gas (Rs 2.70 trillion), Adani Enterprises (Rs 2.49 trillion), Adani Ports and Special Economic Zone (Rs 1.81 trillion) are others have a market cap in excess of Rs 1 trillion each.
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