This Group Company Stocks Gave Up To 1064% Return In The Last One Year
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oi-Roshni Agarwal
In a few years time from being a mid-sized company, this family business group has surpassed the likes of Tatas, Birlas and Wadias among others to become one of the richest in India. Now, the group company is close on the heels of even overtaking Mukesh Ambani, who owns the oil to telecom conglomerate Reliance Industries.
Yes you are right, here we are referring to Gujarat based Adani Group of companies, with six companies listed on the Indian bourses.
The list of group’s listed entity includes Adani Transmission, Adani Total Gas, Adani Enterprises, Adani Ports and SEZ, Adani Power and Adani Green Energy.
As per the latest World’s Real time Billionaires 2021 list, while Mukesh Ambani commands a net worth of $76.6 billion, Adani is not far behind with total wealth at $69 billion.
Year to date wealth addition by Gautam Adani
On a year to date basis, Adani added almost Rs. 75 crore on an hourly basis.
Adani Group’s increasing focus on infrastructure
The success or massive wealth addition by Gautam Adani is largely the result of his increasing focus in the area of infrastructure. In the last 2 years, the company made an acquisition of Rs. 50,000 crore, while Rs. 25000 crore was in the last year alone.
Last year, Adani bought 74% stake in the Mumbai International Airport, the country’s busiest airport and also sold 20 percent holding in Adani Green to Total in another development for $2.5 billion.
Now even as the companies across India Inc. continued to bore the brunt due to the pandemic, the Adani group companies’ share price soar to even up to 11 times i, with their individual stock market cap rising manifolds.
Surge in M-cap of Adani Group companies
The Adani Group companies’ total market at around the same time last year was at Rs. 1.64 lakh crore which now has surged to more than Rs. 8.5 lakh crore, an increase of over 420 percent.
Here’s given a quick guide how the Adani Group stock prices moved over the last year:
| Adani Group company | Stock price on May 26, 2020 | Stock price on May 26, 2021 | % gains in last one year |
|---|---|---|---|
| Adani Green Energy | Rs. 240 | Rs. 1264 | 426% |
| Adani Transmission | Rs. 178 | Rs. 1392 | 682% |
| Adani Total Gas | Rs. 114 | Rs. 1327 | 1064% |
| Adani Ports | Rs. 315 | Rs. 758 | 140% |
| Adani Enterprises | Rs. 140 | Rs. 1322 | 844% |
| Adani Power | Rs. 37 | Rs. 99 | 167% |
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