Gautam Adani news: Gautam Adani’s company overtakes NTPC and Tata Motors in one stroke, shares jumped 318% this year – adani power surpasses ntpc and tata motors in market cap zooms 318 percent this year

New Delhi: Despite the fall in the stock market, most of the companies of the Adani Group continued to rise for the second consecutive day on Friday. Shares of group company Adani Power rose more than four per cent to Rs 419 during trading on BSE. This is its highest level ever. With this, the company’s market cap reached Rs 1.60 lakh crore. This company of Gautam Adani, India and Asia’s biggest rich, left behind state-owned power company NTPC, Tata Motors and Mahindra and Mahindra in one stroke. Adani Power has become the 34th most valuable company in the country by market cap.

Shares of Adani Group closed at Rs 410.90, up 2.88 per cent on Friday. Shares of Adani Power have gained 41 per cent in the past one month while the benchmark BSE Sensex has gained 10 per cent during this period. Shares of Adani Power have gained 318 per cent so far this year, while the Sensex has gained only 1.9 per cent during this period. In the June quarter, the company’s profit had increased 17 times to Rs 4,780 crore as compared to a profit of Rs 278 crore in the same quarter last year.

Gautam Adani news: Huge jump in the shares of Adani Group, two stocks at all-time high
Which stocks were up
Shares of most of the Adani Group companies rose on Friday. However, the share of Adani Transmission closed with a gain of 0.62 percent. It is the group’s most valuable company in terms of market cap. Its market cap is Rs 404,366.10 crore. Adani Green Energy’s stock was up 5.44 percent, Adani Ports was up 4.27 percent. Adani Enterprises fell 0.85 per cent, Adani Total Gas fell 1.54 per cent and Adani Wilmar 0.40 per cent.

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Rising in stocks, Adani’s net worth rose by $2.48 billion on Thursday to reach $135 billion. Adani remains at number four in the list of the world’s rich, behind Elon Musk, Jeff Bezos and Bernard Arnault. His net worth has increased by $58.3 billion this year. Apart from him, the net worth of all the rich in the top 10 has declined this year. Meanwhile, Mukesh Ambani, chairman of the country’s most valuable company Reliance Industries, remains at number 11 in this list with a net worth of $ 94.5 billion.

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