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Adani Enterprises Ltd has now become the second most valuable company among the Gautam Adani-led Adani Group of companies as the stock hit a new high of Rs 1,694 after rallying 7 per cent on the BSE on Friday in intra-day trade. The stock was trading higher for the fifth straight day and has rallied 30 per cent during the week, as compared to 1.5 per cent rise in the S&P BSE Sensex.
Adani Enterprises, the flagship of Adani Group, surpassed the other group company Adani Total Gas Ltd to become the second-most valuable of the Adani Group companies. The Adani Enterprises was up 6.5 per cent at Rs 1,683.6, with a market capitalization (market-cap) of Rs 1.85 trillion, the BSE data shows. Adani Enterprises is less than 10 per cent away from becoming the most valuable group company.
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Adani Green Energy is the most valuable Adani Group company with a market cap of Rs 1.99 trillion. Adani Total Gas has a market cap of Rs 1.81 trillion, followed by Adani Transmission (Rs 1.76 trillion), and Adani Port & Special Economic Zone (Rs 1.70 trillion), the BSE data shows.
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