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What's behind Adani group's meteoric rise on the stock exchanges?

The jump in market capitalisation in the past year is not matched by its financial performance

Adani Group | market capitalisation | BSE Sensex

Krishna Kant  |  Mumbai 

Adani Ports, APSEZ

The past 12 months have been of the rise of the . Once a medium-sized group based out of Ahmedabad, Adani’s now have the third-biggest among family-owned businesses in India after Tatas and Reliance Industries. This has made the group owners and promoters — the family — the second wealthiest in business in India, ahead of older and well-established industrial families.



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First Published: Fri, April 30 2021. 06:10 IST