After Tuesday’s devastation, there was a bullish atmosphere in the stock market on Wednesday. Adani Group also took advantage of this. The shares of 9 out of 10 companies in the group rose, which also had an impact on the group’s market capitalization. Adani Group’s market capitalization saw an increase of over Rs 2.59 lakh crore on Wednesday. There was a loss of Rs 3.64 lakh crore due to about 6 per cent decline in the stock market on Tuesday. Let’s see how much the shares of the group’s companies have risen.
Adani Group shares rose
Shares of 9 out of 10 Adani Group companies closed with gains on Wednesday. Early on Tuesday, in the midst of the announcement of the election results, there was a sharp drop in the shares of the group’s companies. On BSE, shares of Adani Green Energy rose by 11.01 per cent, Adani Ports by 8.59 per cent, Ambuja Cements by 7.47 per cent and group flagship Adani Enterprises by 6.02 per cent. . Shares of ACC rose 5.20 per cent, NDTV 5.20 per cent. 3.26 per cent, Adani Total Gas up 2.67 per cent Percent Wilmar shares rose 0.77 per cent and Adani Power rose 0.32 per cent.
How much was the increase in the intraday?
During the trading session on Wednesday, shares of Adani Green rose by 12.24 per cent, Adani Ports by 9.62 per cent, Ambuja Cements by 7.95 per cent, Adani Power by 7.54 per cent, Adani Enterprises 7.22 percent, Adani Total 6.40 percent. percent, ACC 6.17 percent, NDTV There was an increase of 5.82 percent in Adani Wilmar and 2.23 percent in Adani Wilmar. However, shares of Adani Energy Solutions fell 2.58 per cent. On the contrary, shares of all Adani Group companies suffered a huge decline on Tuesday.
Large increase in the group’s market capitalization
If we look at the overall market capitalization of Adani Group, a huge increase has been seen. A day ago, the market capitalization of Adani Group had reached Rs 15,78,346.79. After which, the total market capitalization of the 10 group companies has become Rs 18,37,837.05 lakh crore. This means that Adani’s market capitalization has seen an increase of Rs 2,59,490.26 crore. A day ago, there was a decline of Rs 3,64,366.12 crore in the market capitalization of Adani Group.
the stock market flourished
Recovering from Tuesday’s fall, the 30-share BSE Sensex jumped 2,303.19 points to close at 74,382.24. During the negotiation it had increased by 2,455.77 points to reach 74,534.82 points. Although the BJP failed to win a majority in the Lok Sabha elections, the party-led alliance won 293 of 543 seats. The majority figure in the lower house is 272.
