Adani Enterprises hits new high; m-cap inches towards Rs 3 trillion mark

Shares of Adani Enterprises (AEL) hit a new high of Rs 2,498.80, up 2 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade on expectation of entry into the Nifty50 index, a gauge for the performance of India’s capital market. The stock traded higher for the sixth straight day and gained 6 per cent during the period.

In the past one month, it has rallied 15 per cent as compared to 6 per cent rise in the Nifty 50 index. Further, in the past six months, it surged 36 per cent as against 6 per cent decline in the benchmark index.

A sharp rally in AEL stock saw market capitalisation spike (market-cap) close to Rs 3 trillion mark. At 12:22 PM: AEL market-cap stood at Rs 2.84 trillion, just 5 per cent away to achieve the feat.