Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

In March, Maruti Suzuki sold 1,67,014 vehicles.

  In March, Maruti Suzuki sold 1,67,014 vehicles. In March of last year, after a national lockdown due to the coronavirus pandemic, the company shipped 83,792 units. Maruti Suzuki India (MSI), the country's largest carmaker, announced gross sales of 1,67,014 units in March on Thursday. In March of last year, after a national lockdown due to the coronavirus pandemic, the company shipped 83,792 units. Last month, it sold 1,49,518 units in the United States. In March 2020, the automaker announced sales of 76,976 units. Last year, the Covid pandemic hampered both dispatches and manufacturing. "Disruptions caused by COVID caused a 48 percent reduction in domestic revenue in March 2020. Domestic revenue in March 2021 can be seen to have just returned to March 2019 levels,” MSI said in a statement. Last month, sales of mini cars such as the Alto and S-Presso totaled 24,653 units. In March 2020, the company had sold 15,988 units. Last month, sales of compact segment vehicles such as t...
Post a Comment
Read more

The 25 Indian crew members onboard Ever Given are in 'good health,' according to the company, which also expresses appreciation to all those involved in the refloating operation.

  The 25 Indian crew members onboard Ever Given are in 'good health,' according to the company, which also expresses appreciation to all those involved in the refloating operation. The ship is owned by a Japanese company, run by a Taiwanese shipper, and is currently stranded in Egypt under Panamanian flag. The Indian crew aboard the super ship Ever Given, which ran aground in the Suez Canal and was successfully refloated, is in "good health," according to the German firm that operates the vessel. Bernhard Schulte Shipmanagement (BSM) released a statement expressing its sincere appreciation to all those participating in the emergency response who worked diligently to free the vessel. "The vessel is now manned by a crew of 25 Indian nationals. They are safe and sound, and have been working together with all parties involved to get the ship back on the water. Their tireless professionalism and hard work are highly admired "In a tweet, the company said. "BS...
Post a Comment
Read more