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year 2023 After a very poor start, Adani Group Stocks Recovery is now showing signs of recovery. The shares of the group have started to shake off the aftershocks caused by the Hindenburg Report and are moving ahead to touch new highs. During the last two days, Adani Shares Rally has seen tremendous growth.
4 Sharing The Rally Lead
The shares of Adani Group have seen great buying during the last two days. Its effect is also being seen positively on the market capitalization of group companies i.e. MCAP, in which there was a huge decline due to Hindenburg’s report. The impact of the latest rally has been that now again the market capitalization (Adani Group MCap) of the four Adani group companies has crossed Rs 1 lakh crore.
Long flight of flagship stock
In terms of market capitalization, the first number comes from Adani Enterprises, the flagship company of the group. In the last 3 days, its price has increased by more than 45 percent. On this basis, the market capitalization of the company has now gone up to Rs 3.1 lakh crore. In this week alone, the market capitalization of the company has increased by about Rs 1 lakh crore.
This stock has made a complete recovery
Adani Ports & Special Economic Zone (APSEZ) is the second largest company of the group after Adani Enterprises in terms of mcap. Its share price has risen by more than 15 percent in the last two days. Now its mcap has become Rs 1.7 lakh crore. This company has made another record. This is the first company of Adani group, which has made a recovery bypassing the full effect of Hindenburg report. In simple words, this stock has returned more than the loss caused by the Hindenburg report on January 24.
The value of these two has doubled
Adani Green has been hitting upper circuit continuously for the last two days and its share price has gained 10 per cent. Now its mcap has increased to Rs 1.56 lakh crore, which was less than Rs 70 thousand crore just two months ago. Adani Power is the fourth company in this list. On Tuesday, its mcap crossed Rs 1 lakh crore. Its mcap was Rs 51,000 crore on February 28, which has almost doubled now.
This is how the group’s mcap happened
Overall Adani group has also been helped by the stupendous performance of these companies. Right now the mcap of Adani group has once again crossed Rs 10 lakh crore. After the market closed on Tuesday, the total market capitalization of the group was near Rs 11 lakh crore. Out of this, Rs 7.37 lakh crore i.e. about 65 per cent is contributed by the top-4 companies.
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