Adani Enterprises Ltd is the latest member of the Adani group to reach a market worth of 3 lakh crore. This is the fourth Adani group company, following Adani Transmission, Adani Total Gas, and Adani Green Energy Ltd, to join the exclusive club of corporations with a market worth of at least 3 lakh crores. According to BSE data, Adani Enterprises had a market capitalization of $3,09,117 crore on Wednesday, but it increased to $3,10,017.60 in early morning trading.
Three Adani group firms had reached the milestone of having a market worth of 3 lakh crore as of the Tuesday session of the Indian stock market. Adani Transmission is ranked 11th on the list with a market capitalization of 3,87,388.30 crore, followed by Adani Total Gas and Adani Green Energy at 15th and 16th, respectively. Adani Total Gas currently has a market capitalization of $3,86,479.17, and Adani Green Energy has a market capitalization of $3,50,007.82.
After a sustained gain in the stock price over recent trading sessions, Adani Enterprises’ market cap has increased. In each of the last five sessions, the share price of Adani Enterprises reached a new 52-week high. On the BSE, the share price of Adani Enterprise rose to a new 52-week high of $2743.80 per unit today. On the NSE, it has risen to new 52-week high levels of $2743.90 a unit.
Today, the share price of Adani Transmission rose to an intraday high of 3535 on the BSE, coming very near to its 52-week high of 3538 on the BSE. After increasing to an intraday high of 3,334.15 on the BSE today, the share price of Adani Total Gas hit a 52-week high for the sixth consecutive session.