The Adani Group's market capitalization has risen by Rs. 11 lakh crore on a single day, indicating a strong performance for the conglomerate. This significant increase in market value reflects the group's robust financial performance, its expansion into new sectors, and investor confidence in its future growth prospects.
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| Adani Group stocks. |
Adani Group shares surge overnight
Shares of Adani Group's 10 listed companies also rose yesterday. Due to this, the market value of Adani Group has increased by one lakh crore rupees in a single day.
Last January, Hindenburg, a company based in the United States, had published a report alleging various allegations against the Adani Group.
Following this, various petitions were filed in the Supreme Court seeking an inquiry into the nature of the Hindenburg Report.
Subsequently, the Supreme Court ordered the market regulator SEBI to investigate the matter and submit a report. After perusing the memorandum filed by SEBI last week, it reserved judgment in the case saying that it is not necessary to accept all the information contained in the Hindenburg memorandum as true.
They also said that the court cannot order an investigation based only on the Hindenburg report without hearing the arguments of the concerned companies.
The Adani Group's diversified portfolio of businesses, spanning energy, ports, logistics, mining, and infrastructure, has been a key driver of its success.
Listed shares.
Adani Total Cos...share price 644.30 per cent up 20.00.
Adani Energy Solutions...share price 874.90 percent up 20.00.
Adani Power...share price rose 447.90 percent by 12.76.
Adani Green Energy...share price rose 13.55 percent to 1.065.00.
NDDTV, ... share price rose 229.70 percent by 12.02.
Adani Wilmar...share price rose 348.60 percent by 10.00.
Adani Enterprises.. share price 2.430.00 per cent up by 9.19.
Adani Ports...share price rose 5.65 percent to 840.50.
Ambuja Cements..share price 431.00 per cent up 4.03.
ACC, ... share price 1,870.00 up 2.72 percent.
The group's focus on sustainability and renewable energy has also been well-received by investors. Adani Green Energy, the group's renewable energy arm, has seen a significant rise in its share price in recent months, reflecting the growing demand for clean energy solutions.
The Adani Group's strong performance is likely to continue in the coming years, as it continues to invest in new growth opportunities and expand its global footprint.