The group’s m-cap is still down 48 per cent from its January 24 level of Rs 19,19,888 crore and group share prices need to double to reach pre-Hindenburg levels.
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Due to the rise in the shares of Adani Group in the month of March, a lot of money has been showered. The trust of investors is now seen returning to the group companies. Because of which the market cap of Adani group companies has reached close to Rs 10 lakh crore. On January 24, the report of Hindenburg Research came against Adani Group. Because of which there was a huge fall in the shares of group companies.
By February 27, the group’s market cap had come to Rs 7 lakh crore, but the group did many things like road shows to eliminate the debt of companies, to win the trust of investors. Because of which the shares of the companies are seeing a boom again and the market cap of the companies of the group has reached Rs 9,82,502.50 crore.
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Net worth increased by more than $ 20 billion
Due to the Hindenburg Research report, Adani Group’s founder and chairman Gautam Adani has been dropped from the list of top 20 billionaires. The group’s m-cap is still down 48 per cent from its January 24 level of Rs 19,19,888 crore and group share prices need to double to reach pre-Hindenburg levels. At the same time, the total net worth of Adani is $ 58.9 billion. Whereas on February 27 it was $37.7 billion. This means that an increase of more than $ 20 billion has been seen in Gautam Adani’s net worth. So far in the year 2023, Gautam Adani’s net worth has seen a decline of $ 61.7 billion.
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Shares of companies rose in this way
- Shares of the group’s flagship company Adani Enterprises have rallied nearly 80 per cent since hitting their 52-week low of Rs 1,017.10 on February 3.
- Shares of Adani Green Energy were at a one-year low of Rs 439.35 on February 28, which has now seen a gain of 123 per cent.
- Adani Ports & SEZ is up 68 per cent from its low of Rs 394.95 on 3 February.
- Adani Transmission jumped 72 per cent to Rs 1,084.25 from a low of Rs 630 on March 1.
- Adani Total Gas had reached a one-year low of Rs 655 on March 1, since then the stock has gained 50 per cent.
- Adani Wilmar shares have gained 31.03 per cent from its 52-week low of Rs 327.
- Adani Power shares have gained 34.50 per cent in the last one month.
