Signals, Powered By EquityPandit
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.
- Berger Paints India Q4 Earnings; Announced Rs 3.5 Dividend
- Granules India Shares Fall 2% as Q4 Earnings Failed to Impress Investors
- The MSCI (Morgan Stanley Capital International) India Index
- Mahindra and Mahindra Shares Hit 52-Week High Ahead of Q4
- SEBI Eases on KYC Compliance Rules for Mutual Fund Investors
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.
Stock Covered in the news
