Adani Enterprises has now become the second most valuable company among the Gautam Adani-led Adani Group of companies as the stock hit a new high of Rs 1,694 after rallying 7 per cent on the BSE on Friday in intra-day trade. The stock was trading higher for the fifth straight day and has rallied 30 per cent during the week, as compared to 1.5 per cent rise in the S&P BSE Sensex.
Adani Enterprises, the flagship of Adani Group, surpassed the other group company Adani Total Gas to become the second-most valuable of the Adani Group companies. At 01:34 pm, Adani Enterprises was up 6.5 per cent at Rs 1,683.6, with a market capitalisation (market-cap) of Rs 1.85 trillion, the BSE data shows. Adani Enterprises is less than 10 per cent away from becoming the most valuable group company.
