Adani Enterprises hits new high, surpasses LIC, ITC in market cap ranking

At 09:30 am, with a market cap of Rs 4.31 trillion, Adani Enterprises stood at 12th position in overall market cap ranking on the BSE.

Adani Enterprises surpassed the state-owned insurance giant Life Insurance Corporation of India (LIC) and fast moving consumer goods (FMCG) company ITC to become most valuable stock in terms of market capitalisation (market cap) after a strong rally in the Gautam Adani's Group company.

At 09:30 am, with a market cap of Rs 4.31 trillion, Adani Enterprises stood at the 12th position in the overall market cap ranking, the BSE data shows. LIC stands at 13th with Rs 4.23 trillion market cap and ITC at number 14th position (Rs 4.13 trillion market cap), data shows.

Shares of Adani Enterprises