{"id":420005,"date":"2021-06-11T11:54:33","date_gmt":"2021-06-11T06:24:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420005"},"modified":"2021-06-11T13:06:09","modified_gmt":"2021-06-11T07:36:09","slug":"a-rs-3-14-lakh-crore-jump-in-adanis-fortune-is-fraught-with-many-risks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/a-rs-3-14-lakh-crore-jump-in-adanis-fortune-is-fraught-with-many-risks\/","title":{"rendered":"A Rs 3.14 lakh-crore jump in Adani\u2019s fortune is fraught with many risks"},"content":{"rendered":"<p>A rally in the stocks of companies controlled by Indian billionaire Gautam Adani has added almost Rs 3.14 lakh crore ($43 billion) to his wealth this year, catapulting him to the spot of the second-richest person in Asia. Some analysts say the gains are fraught with risk.<\/p>\n<p>Adani\u2019s net worth of Rs 5.6 lakh crore ($76.7 billion) got a boost from a 330 per cent jump in Adani Total Gas Ltd., a 235 per cent rise in his conglomerate\u2019s flagship Adani Enterprises Ltd. and a 263% increase in Adani Transmission Ltd. this year. Adani group stocks, especially these three, \u201clook extended,\u201d Bloomberg Intelligence analysts Gaurav Patankar and Nitin Chanduka wrote in a June 10 note after analysing technical indicators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rally in the stocks of companies controlled by Indian billionaire Gautam Adani has added almost Rs 3.14 lakh crore ($43 billion) to his wealth this year, catapulting him to the spot of the second-richest person in Asia. Some analysts say the gains are fraught with risk. Adani\u2019s net worth of Rs 5.6 lakh crore ($76.7 billion) got a boost from a 330 per cent jump in Adani Total Gas Ltd., a 235 per cent rise in his conglomerate\u2019s flagship Adani Enterprises Ltd. and a 263% increase in Adani Transmission Ltd. this year. Adani group stocks, especially these three, \u201clook [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-420005","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420005"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420005\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}