Adani Group Surpasses $200 Bill M-Cap; 6/7 Stocks Hit All-Time High on Thursday

By Malvika Gurung — There has been an unprecedented rally in the stocks of the energy-to-FMCG conglomerate Adani Group companies.

According to a recent report, the Gautam Adani-led Adani Group, on Thursday has become the third conglomerate in India to have surpassed the $200 billion market capitalization mark.

Tata Group and Reliance (NS:) Group are the only two conglomerates to have exceeded the $200 valuation, and as per BSE data, the total market cap of all the companies listed under Adani Group stands at $201 billion. 

There are 7 subsidiary companies listed under Adani Group, of which 6 companies have hit their all-time highs on April 7, 2022.

They include Adani Power (NS:), Adani Total Gas (NS:), Adani Green Energy (NS:), Adani Transmission (NS:), Adani Enterprises (NS:), and the recently listed edible oil major Adani Wilmar (NS:).

According to BSE data, Adani Group companies have rallied up to 180% on a year to date (YTD) basis, as cited by a Moneycontrol coverage.

  • Adani Wilmar is up 180%,
  • Adani Power: 157%,
  • Adani Green Energy: 67%,
  • Adani Transmission: 51%,
  • Adani Total Gas: 50%,
  • Adani Enterprises: 28%, and
  • Adani Ports and Special Economic Zone (NS:): 17.4%

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