Today Adani Group really did wonders on Dalal Street! The group’s total market capitalization increased by ₹48,550 crore in just one trading session — meaning investors are smiling again. Many companies of Adani Group have presented strong quarterly results, in which Adani Green Energy and Adani Total Gas played the biggest role. In particular, Adani Green showed an impressive YoY profit growth of 111% and earned a profit of ₹583 crore. New renewable capacity additions in Gujarat and Rajasthan further accelerated the company’s momentum. Adani Green shares saw a jump of up to 14% today, due to which its market cap increased by ₹ 14,464 crore. At the same time, other companies of the group also shone – Adani Enterprises: +2.38% Ambuja Cements: +3.26% Adani Energy Solutions: +5.08% Adani Ports & SEZ: +2.55% This rally clearly shows that Adani Group is back in full power mode and the confidence of investors is getting strengthened again.
Adani’s blast on Dalal Street! Increase of ₹48,550 crore in one day, Green Energy becomes game changer
