Ten out of ten list Adani group stocks rallied up to seven percent on Thursday, 14th March. Nearly Rs 57,000 crore was added by the rally in their market capitalization (m-cap) as the stock markets recovered from Wednesday’s sell-off.
Adani Group Gainers
Adani Energy Solution Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd, and Adani group flagship Adani Enterprises Ltd are group gainers, raising to 4-7 percent. New Delhi Television Ltd, Adani Ports and Special Economic Zone Ltd, Adani Wilmer Ltd, and ACC Ltd gained 2-3 percent.
On Thursday group’s market value stood at Rs 15.20 lakh crore up by Rs 56,615.23 crore from Wednesday’s Rs 14,72,009.88 crore.
What Stock added more to Adani group’s M-cap?
Adani Green Energy added most to Adani group’s m-cap with Rs 17,875.80 crore, while Adani Enterprises added Rs 13,281 crore, Adani Energy solutions added Rs 7,468 crore and Adani ports added Rs 6,826 crore, all contributing to the rise of Adani group.
Rise in Shares of Adani Group
Shares of Adani’s Total Gas jumped 6 percent to Rs 926.30, Adani Energy Solutions jumped 7 percent to Rs 1,014.50, Adani Enterprises rose 4 percent to Rs 3,021.45 crore, and Adani Green Energy shares were up 6.53 percent at Rs 1,839.40.
Other Adani group gainers include NDTV (up-2.81 percent), Adani part (up-2.74 percent), ACC (up-2.72 percent), Adani Wilmar (up-2.48 percent), Ambuja Cement (up-1.75 percent), and Adani Power (up- 0.5 percent).
Gautam Adani’s Statement
Gautam Adani at a private event said, “To get good ratings, I tightened disclosure as well as our governance and benchmarked it to the international standard. Today, we have a balanced portfolio of debt, with 29 percent domestic banks, 30 percent global banks, 34 percent through global bonds, and 7 percent others.”
Adani Group’s Loss on Wednesday
Adani Group lost Rs 1,92,785 crore in m-cap in the previous session. Adani Group stocks including Adani parts, Adani Green, and Adani Enterprises lost 5-10 percent on Wednesday.
Adani Green Energy witnessed the largest loss among Adani group stocks of more than 13 percent. Adani total gas shares declined by 8 percent, Adani Wilmar by 4 percent, and ACC and Ambuja Cements shares also witnessed a loss of more than 4 percent each. The total cumulative m-cap of Adani group stocks fell by Rs 90,000 crore.
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