Adani Power enters top-50 most-valued firms club; zooms 109% in a month
Adani Power entered the list of top-50, most valued companies, in terms of market captialisation (market cap), in the country as the stock price of company more-than-doubled in the past one month.
The Gautam Adani-led Adani Group Company, engaged in the electric utilities business hit a new high of Rs 259.20, on gaining 5 per cent on the BSE in Friday’s intra-day trade. With today’s rally, the stock has zoomed 109 per cent in the past one month from a level of Rs 123.75.
Meanwhile, Adani Power is also set to join the elite club of companies with Rs 1-trillion market-cap. The company’s market cap was at Rs 99,972 crore as of 10:19 am on Friday, the BSE data shows. In comparison, the S&P BSE Sensex was down 0.89 per cent at 57,396.
