By Malvika Gurung
Investing.com — There has been an unprecedented rally in stocks of companies from energy conglomerate to consumer products Adani Group.
Gautam Adani-led Adani Group on Thursday became the third Indian conglomerate to surpass the $200 billion mark in market capitalization, according to a recent report.
Tata Group and Reliance (NS:) Group are the only two conglomerates to have surpassed the $200 valuation, and according to BSE data, the total market capitalization of all companies listed under Adani Group stands at $201 billion. of dollars.
The Adani Group has 7 listed subsidiaries, 6 of which reached their all-time high on April 7, 2022.
They understand Adani Power (NS:), Adani Total Gas (NS:), Adani green energy (NS:), Adani Transmission (NS:), Adani Enterprises (NS:), and the recently listed major edible oil company Adani Wilmar (NS:).
According to BSE data, Adani Group companies are up 180% on a year-to-date (YTD) basis, as indicated by coverage from Moneycontrol.
- Adani Wilmar is up 180%,
- Adani’s power: 157%,
- Adani green energy: 67%,
- Transmission of Adani: 51%,
- Adani total gas: 50%,
- Adani Enterprises: 28%, and
- Adani Ports and Special Economic Zone (NS:): 17.4%