Business Standard

Bull run on Dalal Street continues for Reliance, Adani Group companies

The combined m-cap of the six Adani Group companies is up 39 per cent year-to-date to Rs 13.38 trillion on Thursday

Three REITs, which mainly hold commercial office assets, have listed on India’s stock exchanges so far, with the best performer, Brookfield India Real Estate Trust, rising almost 30% in the past year. (Photo: Bloomberg)

Including Adani Wilmar that listed on the bourses in February, Adani Group companies’ combined m-cap is up 47 per cent YTD to Rs 14.13 trillion on Thursday.

Krishna Kant Mumbai
The post-Covid bull run on Dalal Street has ended with sharp decline in the broader market in the past few months. The benchmark BSE Sensex is down nearly 9 per cent since the beginning of the current calendar year (2022, or CY22) and nearly 15 per cent from its all-time high in October last year.

The bull run, however, continues unabated for two of India’s biggest family-owned business groups — Mukesh Ambani and Adani. The flagship companies of these two business groups continue to see a rise in their share price and market capitalisation (m-cap), even as the rest of

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First Published: Jun 30 2022 | 9:40 PM IST

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