Adani Power

The Growth Adani Group’s stocks and the Indian Stock market.

Recently, Gautam Adani, the founder of Adani Group, became the third wealthiest person in the world and Asia’s first to enter the top 3 billionaires according to the Bloomberg Billionaires Index. With a 365% growth in his wealth in the past two years, Gautam Adani’s net worth is around $143 Billion surpassing Bernard Arnault. It happened because of the sudden rise of Adani Group’s tremendous growth over the last few years. Adani Group is an India-based Infrastructure Group that has 7 publicly traded companies and a market cap of $251.84 as of September 2022.

Adani Group’s companies have surpassed the market cap of even the blue chip companies like State Bank of India, HDFC, Bajaj Finance, etc. In 2022, the market capitalization of all the listed companies on the Bombay Stock Exchange has grown to 12.74 lakh crores. Whereas Adani’s listed companies grew up to 10 lakh crores in their market capitalization. Adding to that, the Nifty 50 index recorded only 1% growth this year, but the Adani stocks average growth is 127% this year. Such skyrocketed performance of all the Adani companies in the stock market has benefitted the Indian stock market, as in 2022, Adani Group’s company contributed around 79% of the market capitalization gains.

On 9 September 2022, Adani Enterprises limited hit its all-time high of Rs. 3,506 and will be recorded in the Nifty 50 Index benchmark. By the end of September, Adani Enterprises Limited will replace Shree Cement in the Nifty 50. And according to a research firm, with this inclusion in the Nifty 50 index, Adani Enterprises Limited is ready to lure around $285 million as inflows. This stock has rallied for over six months at 111% and provided 103% returns for the current year. 

Other Adani stocks like Adani Power Limited reached a new high at the end of August at Rs. 428 and a 4% growth. Adani Ports and Special Economic Zones limited, another Adani group company, is performing well in the market as it recorded a 15.49% growth in 2022 alone. These three shares along with other Adani Group companies have performed very well in the Indian stocks market in the last few months and are expected to perform well in the future. To grow in the Stock market, the fundamentals of a company must be strong. And the Adani Group’s companies have a strong foundation as a company, and with their strategic approach, each company is growing tremendously.

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