Adani Green Market Cap is Higher Than SBI

On Monday, Adani Green Energy Ltd’s (AGEL) current market capitalization is around Rs 4,49,255 crore, whereas SBI’s market capital stands at around Rs 4,32,263 crore.

Recently, the Capital market valuation of Adani Green Energy has become most favourite segment for investors. In 2022, Adani Green shares are among the most multi-bagger stocks, which has delivered more than 100 per cent return to its shareholders in FY21.

In the last six months, Adani group has surpassed the market valuation of listed companies named ITC, Bharti Airtel, Kotak Mahindra Bank, HDFC Limited, Bajaj Finance, and SBI. These are the first non-Nifty 50 companies to enter the big boy’s club.

In April, Adani Green shares have surged to Rs 2856 from Rs 2665, logging around a 7 per cent rise. In FY21, this multi-bagger stock has shot high to Rs 2856 levels from 1350, clocking near a 110 per cent rise this year.

In the second quarter of FY21, Adani group’s stock has surged from Rs 1230 to Rs 2856 apiece levels, appreciating to the tune of near 135 per cent in this period.

However, in the last year, this multi-bagger stock has risen from Rs 1100 to Rs 2856, logging around a 160 per cent rise.

Adani Green Energy are Reliance Industries Limited, TCS, HDFC Bank, Infosys, HUL and ICICI Bank, which are top on the market. Reliance Industries is the most valued company with a current market capitalisation of around Rs 17,72,971 crore, followed by TCS with a market valuation of Rs 12,56,478 crore.

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