Adani Group is the third Indian conglomerate to cross $100 billion in market capitalization.

 GAUTAM ADANI IS NOW ONE OF THE TOP 20 BILLIONAIRES IN THE WORLD.

Adani Group is the third Indian conglomerate to cross $100 billion in market capitalization.

Adani Group has become India's third conglomerate to reach a market capitalization of $100 billion, with shares in four of its six public firms reaching new highs on Tuesday.

According to BSE numbers, the combined market capitalization of the six listed Adani Group companies was over $104 billion.

Adani Businesses jumped 5.6 percent to an all-time high of 1202, Adani Total Gas jumped 6% to a record high of 1248, Adani Transmission jumped 5% to 1147, and Adani Ports jumped 4% to an all-time high of 791 on Tuesday.

Adani Power increased by 5% to 98.40, while Adani Green Energy increased by 2.3 percent to 1194.

Previously, the Tata Group and the Mukesh Ambani-led Reliance Group had accomplished this aim. Tata Group has a market capitalization of $242 billion, while RIL Group has a market capitalization of $190 billion.

Adani Group has a total market capitalization of over $1 trillion, with one company, Adani Power Ltd, having a market capitalization of 38,000 crore.

Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Transmission, Adani Power Ltd, and Adani Total Gas Ltd are the only five of the group businesses that have no analyst coverage.

Despite this, without any significant fundamental factors, all six listed Adani group companies posted multi-bagger returns in the last year.

According to Vinit Bolinjkar, Head of Research at Ventura Securities, the current valuations of the Adani group's publicly traded firms are so high that they seem to have priced in all potential market expansion, limiting further upside.

"Many Adani group stocks have a lot of debt on their balance sheets, and the promoters have pledged their stakes, so they're too costly to start covering. As a result, the majority of analysts tend to ignore the Adani group's businesses ", said Ventura Securities' Head of Analysis, Vinit Bolinjkar.

According to Bloomberg, Adani Ports & Special Economic Zone has 21 sells, 4 holds, and 1 sale ranking.

According to analysts, Adani Group's latest jump in stock prices was due to the group's gradual expansion into several activities, which contributed to increased earnings exposure in the future.

"Stocks in the Adani group have had a good year, thanks to solid momentum in renewables and big order wins. However, with the rapid rise, the valuations seem to be strained now. As a result, we will advise waiting for a correction before making any new investments ", according to Ajit Mishra, Religare Broking's VP of Research.

Adani Airports, a subsidiary of Adani Enterprises, completed the purchase of a 23.5 percent stake in Mumbai International Airport last month. Via an internationally competitive tendering process initiated by the Airports Authority of India, it has secured the mandate to modernise and run six airports for a term of 50 years: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.

In the last five months, Adani Ports has made four acquisitions totaling Rs 18000 crore. The cumulative renewable capacity of Adani Green is 15165 MW, with 3395 MW operational and 11770 MW under construction.