The market cap of the company has reached Rs 155650.62 crore due to the rise in the share of Adani Enterprises. This will also increase the net worth of Gautam Adani.
Gautam Adani, the owner of Adani Group, has been in a lot of discussions for some time now. Due to the continuous increase in his net worth, he is only one notch behind the richest man in Asia, Mukesh Ambani. In such a situation, the boom in the shares of his company Adani Enterprises can prove to be beneficial for him. During the trading on BSE on Tuesday, the company’s stock saw a tremendous jump of about 8.5 percent. The company’s stock made its all-time high record by reaching Rs 1429.85. This gave a lot of benefit to the investors investing in the stock. With this, the market cap of Adani Enterprises has reached Rs 155650.62 crore.
Talking about the stock of Adani Enterprises, it closed at 1415.25 with a gain of 7.56 percent at the end of trading. Its previous high record was Rs 1350.5. It was made on 19 May 2021. In the month of May, this stock has seen a rise of 13.6 percent. The stock performed well in the March quarter, due to which the company’s profits have also increased.
increase in net profit
Adani Enterprises’ consolidated net profit grew 282.2 per cent to Rs 233.95 crore in the fourth quarter of FY21 from Rs 61.21 crore a year ago. At the same time, the consolidated income of the company has also increased. It has now reached 13,688.95 crores. It was Rs 13,698.09 crore in the same quarter last year.
This Adani Group company is on top
The total market cap of the 6 listed companies of the Adani Group is more than Rs 8.5 lakh crore. Among them, Adani Green is at the top. Its market cap is Rs 1.99 lakh crore. Since March 2020, almost all the companies of the Adani Group saw a rise in stocks. Gautam Adani also got the benefit of which. Due to the increase in his net worth, he has come to 14th place in the list of richest people in the world. Adani Group’s market cap has seen a double increase this year.
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