By Malvika Gurung
Investing.com — 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%
