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Rs 179 to Rs 1,455: This stock turned into a multibagger in 1 year The company reported robust earnings for the quarter ended March 2021. It reported a consolidated net profit of Rs 257 crore in Q4 against a profit of Rs 59 crore in the year-ago quarter BusinessToday.In | May 21, 2021 | Updated 18:24 IST Representative Image Share of Adani Transmission rose 5 per cent to hit a 52-week high and was locked at 5 per cent upper circuit of Rs 1,455.20 today. The company has now surpassed Adani Ports to become the second most valuable Adani Group company. Market cap of Adani Transmission rose to Rs 1,59,939.88 crore on BSE. As per the data, Adani Green Energy is the most valuable group company with a market cap of Rs 2.01 trillion. ....
Adani Transmission Ltd has added 35.69% over last one month compared to 18.15% gain in S&P BSE Power index and 4.96% rise in the SENSEX Adani Transmission Ltd gained 4.48% today to trade at Rs 1382.85. The S&P BSE Power index is up 1.08% to quote at 2815.63. The index is up 18.15 % over last one month. Among the other constituents of the index, Bharat Heavy Electricals Ltd increased 2.85% and Adani Green Energy Ltd added 2.3% on the day. The S&P BSE Power index went up 95.07 % over last one year compared to the 62.47% surge in benchmark SENSEX. Adani Transmission Ltd has added 35.69% over last one month compared to 18.15% gain in S&P BSE Power index and 4.96% rise in the SENSEX. On the BSE, 13711 shares were traded in the counter so far compared with average daily volumes of 63000 shares in the past one month. The stock hit a record high of Rs 1388.45 on 20 May 2021. The stock hit a 52-week low of Rs 167.2 on 01 Jun 2020. ....
Highlights Adani’s net worth stands at $66.5 billion. Adani Enterprises, Adani Gas and Adani Transmission are also performing really well. Adani Group’s chief Gautam Adani has become the second richest person in Asia, surpassing the Chinese bottled water billionaire Zong Shanshan, according to the Bloomberg Billionaires Index. As per the latest details available on the index, Adani’s net worth stands at $66.5 billion while Zhong Shanshan s total worth is pegged at $63.6 billion. Only Reliance Industries Limited’s (RIL) chief, Mukesh Ambani, is now richer than Adani in India. This means that the top two spots in the list of richest Asian persons are occupied by Indians. ....
Adani Green Energy (AGEL) rose 3.17% to Rs 1,236.90 after the company signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SoftBank Group (SBG) (80% stake) and Bharti Group (20% stake). SB Energy India has a total renewable portfolio of 4,954 MW (mega-watt) spread across four states in India. The cash transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion (approx. Rs 26,000 cr.), making it the largest acquisition in the renewable energy sector in India. The target portfolio of Adani Green Energy (AGEL) consists large scale utility assets with 84% solar capacity (4,180 MW), 9% wind-solar hybrid capacity (450 MW) and 7% wind capacity (324 MW). The portfolio comprises of 1,400 MW operational solar power capacity while a further 3,554 MW is under construction. All projects have 25-year PPAs with sovereign rated counterparties such as Solar Energy Corporation of India (SECI), NTPC and NHPC. ....
Utilties stocks were trading in the positive zone, with the S&P BSE Utilities index rising 28.36 points or 1.19% at 2409.87 at 09:49 IST. Among the components of the S&P BSE Utilities index, Adani Power Ltd (up 4.96%), NLC India Ltd (up 4.9%),Adani Transmission Ltd (up 4.37%),Reliance Power Ltd (up 4.18%),Reliance Infrastructure Ltd (up 2.03%), were the top gainers. Among the other gainers were Gujarat Industries Power Co Ltd (up 1.84%), JSW Energy Ltd (up 1.38%), Indraprastha Gas Ltd (up 1.37%), Power Grid Corporation of India Ltd (up 1.16%), and Tata Power Company Ltd (up 1.09%). On the other hand, Gujarat State Petronet Ltd (down 1.6%), PTC India Ltd (down 1.44%), and BF Utilities Ltd (down 1.14%) moved lower. ....