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Great rise in shares of Adani Group companies today, market cap crosses Rs 16.5 lakh crore

Adani Group Stocks: The Adani Group‘s businesses have grown significantly in recent times. As of today, March 1, 2024, shares of every Adani Group listed company opened on a positive note. Subsequently, the Adani Group’s stock prices continue to rise.

The main business Adani Enterprises’ shares, as well as those of subsidiary group firms including Adani Power, Adani Total Gas, and Adani Green Energy, are increasing in value.

The Adani Group company Adani Green Energy is enjoying the most increase in the market today. Today’s opening price for this share was 1,930.00. Adani Green was up roughly 3.85% as of 9:30 am, trading at Rs 1,968.00.

Let us inform you that the company’s shares have increased following the release of the report detailing the exceptional third-quarter results of Adani Group.

The report states that in the third quarter, the group’s overall EBITDA grew by 63.6% on an annual basis. This outstanding achievement has been made possible by the infrastructure industry’s explosive growth. This information was provided by the group in a news statement on Thursday. EBITDA for the Adani Group over the previous 12 months was Rs 78,823 crore. This is a 37.8% increase over the FY23 fiscal year.

Adani shares boom, Adani Wilmar and Port shares stormy

Stocks of most companies in the Gautam Adani-led Adani Group jumped on Tuesday, with shares breaking their downward trend. Everyone is seeing rapid growth, from Adani Wilmar to Adani Transmission.

Since the stock market opened, the price of Adani Enterprises’ stock has increased by a startling 20%. Following the release of the group report by the American research firm Hindenburg on January 24, 2023, these shares saw a decrease.

Shares of Adani have risen dramatically. Let’s start by discussing the increase in shares of Gautam Adani’s enterprises, Adani Wilmar Ltd, which rose 4.99 percent to Rs 398.90 as of the news’ publication time at 01:12 am. However, Adani Transmission Ltd was up 5% and traded at a level of Rs 1,319.25.

The decline came from Hindenburg’s report

Let us inform you that there was a sharp decrease in the price of Adani Group shares following the release of the report by the American research firm Hindenburg. The shares of the Adani Group decreased by 66 percent as a result of this report. Along with this, the group’s market valuation declined by $ 117 billion, and on Monday, Gautam Adani fell from fourth to number 22 on the list of the world’s top billionaires.