Mumbai, First Published Aug 23, 2022, 10:46 AM IST
The Adani Group continues to be the No. 2 most valuable investment in the stock market, overtaking the Mukesh Ambani Group. Tata Group is at the top.
Tata Group’s investment value in the stock market is 21.73 lakh crore. Adani Group, which is at number 2, is worth Rs 19.44 lakh crore. Mukesh Ambani’s Reliance Group is at the 3rd place with Rs 17.89 lakh crore.
The Mukesh Ambani Group, which was at No. 2 at one time, is now lagging behind at No. 3.
But the investment value has increased as the Adani Group is performing well in all its sectors and the company’s profitability has increased post-Corona.
10 lakh crore increase of Rs
In the current calendar year alone, the value of Adani group companies has increased by Rs 10 lakh crore, but the value of Mukesh Ambani Group has increased by Rs 1.61 lakh crore. Meanwhile, the value of the Tata Group has also declined.
The value of the 7 listed companies in the Adani group was Rs 9.62 lakh crore in December 2021. But within a year, the value of these companies has doubled to Rs 19.44 lakh crore.
Gold Bond Sale Begins Today: Key Facts to Know
An increase of only 9%
The value of the nine listed companies in Mukesh Ambani’s Reliance Group rose by just 9 per cent during the same period.
This means that the value of Reliance Group, which was Rs.16.33 lakh crore in December 2021, has only increased to Rs.17.89 lakh crore till yesterday.
Tata Group fell 6.9%
Tata Group’s 26 listed companies fell 6.9 percent. It was Rs 23.36 lakh crore in December 2021, which has decreased to Rs 21.73 lakh crore yesterday.
Borrowing Costly! EMI goes up! LIC Housing Finance hikes interest rates
what is the reason
In this, Adani Power Company’s stock value has risen the main reason for the phenomenal growth of Adani Group. Adani Power’s market cap has increased by 334 percent in a year. It has increased from Rs.38,473 crore in December 2021 to Rs.1.67 lakh crore.
Adani Transmission saw a 103 percent jump in value. It has increased to Rs 3.99 lakh crore from Rs 1.90 lakh crore in December 2021. Adani total gas value increased by 96.7 percent. In December 2021, the value of this company was Rs 1.89 lakh crore and now it has increased to Rs 3.70 lakh crore.
Golden time to buy gold! Sawaran falls by Rs 240 in 2 days: What is the situation today?
The value of Adani Port and Economic Zone rose 19 percent to Rs 1.77 lakh crore. It was Rs 1.49 lakh crore in December 2021.
Last Updated Aug 23, 2022, 10:46 AM IST