Adani group s market cap plunges ₹1 6 lakh cr - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Shares of Adani Enterprises, the flagship company of Gautam Adani-led Group companies, hit fresh record high of Rs 1,390 apiece on the BSE after they rallied 5.6 per cent in Tuesday s intra-day session. It surpassed its previous record high of Rs 1,350.5 touched on May 19, 2021. At 2:30 PM, the stock of the firm was ruling 5 per cent highet at Rs 1,389 per share as against a 0.08 per cent gain in the benchmark S&P BSE Sensex. In the month of May, shares of the Adani Group firm outperformed the benchmark index and surged 13.6 per cent on the BSE compared with a 6.5 per cent gain in the Sensex index. The sharp rally, which came on the back of a healthy March quarter performance, has resulted in the company s market capitalisation (m-cap) touching the Rs 1.52-trillion mark, BSE data shows.
Read more about Market Wrap Podcast, May 21: Here s all that happened in the markets today on Business Standard. Supported by a rally in other financial stocks, coupled with favourable global cues, the BSE barometer of 30-shares ended at 50,540 levels, up 976 points or 1.9 per cent