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M-cap of these two Adani Group firms jumped by over ₹50,000 crores in the last 5 sessions

The share price of Adani Total Gas increased by 3.38% to 757 Indian rupees, while the share price of Adani Wilmar increased by 2.69% to 355.55 rupees. This shows that the fake Hindenburg report Adani couldnu2019t do much harm to the Group.

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M-cap of these two Adani Group firms jumped by over ₹50,000 crores in the last 5 sessions

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  1. M-cap of these two Adani Group firms jumped by over ₹50,000 crores in the last 5 sessions

  2. Continuing the upward trend from the previous day, early trade on Tuesday(5th Dec’23) saw a robust surge in the share prices of Adani Group firms, including the flagship Adani Enterprises. Shares of Adani Enterprises were up 6.22%, hitting Rs. 2,688.75 at 10:05 am, while those of Adani Ports and Special Economic Zone were up 6.53%, jumping to Rs. 936. The Nifty 50’s best achievers turned out to be these two. By 10:35 in the morning, shares of both firms had surged by more than 7%. This news comes on the same day the S&P BSE Sensex and the NSE Nifty 50 set new all-time highs.

  3. Jump in share prices Several other listed firms within the company also made notable profits. The share price of Adani Power increased by 4.11% to 483.80 Rs., the share price of Adani Transmission increased by 3.11% to 932.05 Rs., and the share price of Adani Green Energy increased by 7.3% to 1,205.65 Rs. The share price of Adani Total Gas increased by 3.38% to 757 Indian rupees, while the share price of Adani Wilmar increased by 2.69% to 355.55 rupees. This shows that the fake Hindenburg report Adani couldn’t do much harm to the Group.

  4. Adani’s fortune soared to $70.2 billion Gautam Adani, owner of the Adani Group and a billionaire, has seen his net worth increase dramatically due to the recent surge in Adani Group stocks. With a gain of more than $4 billion in just one day, Adani’s fortune has soared to $70.2 billion. His fortune increased by $6.5 billion in a single day after a robust relief rally earlier on November 29. According to the Bloomberg Billionaire’s Index, he is now the sixteenth wealthiest Indian, trailing just three slots behind Mukesh Ambani. The aggregate market capitalization of the Adani Group was severely eroded due to a US short seller’s report, which has resulted in a further loss of over $50 billion in wealth for Gautam Adani this year.

  5. Adani Power shares increased 90% On March 2 of this year, GQG Partners invested ₹15,446 crore in four firms belonging to the Adani Group. During June and September, the fund managed by Rajiv Jain, located in the United States, raised its investment in these firms. To GQG, the Adani Power promoters sold 31 crore shares, or almost 8% of the whole stock, in an August transaction for over ₹9,000 crores. The overall investment value of GQG has reached approximately ₹17,000 crores, with Adani Power shares increasing 90% since the acquisition on August 16.

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