Business Standard

Adani group firms' m-cap rises by Rs 45,200 crore to one-month high

A day earlier seven out of 10 Adani group stocks had posted gains after GQG Partners hiked investment in the group

Adani Group, Adani
Premium

Photo: Bloomberg

BS Reporter

Listen to This Article

The 10 Adani groups stocks added over Rs 45,200 crore in market value on Friday, reclaiming the Rs 11-trillion market cap (m-cap) mark after six months. This was the biggest single-day m-cap gain for the embattled power-to-port conglomerate in nearly a month. 

Shares of all 10 group firms ended with gains, with Adani Green Energy, Adani Power and Adani Transmission each soaring over 6 per cent. The latest gains come after reports that Abu Dhabi National Energy Company, also known as TAQA, was considering investment of up to $2.5 billion in Adani Group companies. 

Both TAQA and the Adani group

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 18 2023 | 11:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com