Individually, however, not all group companies have regained their market value, BSE data showed. Adani Total Gas, Adani Energy Solutions (formerly Adani Transmission), Adani Wilmar & NDTV are yet to regain their market cap losses. Such losses, however, have been more than made up by the strong gains in other companies, led by Adani Power and Adani Ports.
The market cap of Adani Power, the biggest electricity producer from the private sector, has gone up by more than six times since its post-Hindenburg report slide. From Rs 54,344 crore on Feb 15, 2023, its market cap has risen to Rs 3.4 lakh crore.
Along with Adani Power, Adani Ports has also added to its market value substantially in the last 16 months. Compared to a post-Hindenburg report low of about Rs 99,800 crore, Adani Ports’ current market cap is Rs 3.4 lakh crore – a jump of nearly 2.4 lakh crore.
The market capitalisation of cement maker Sanghi Industries has not been taken into consideration since that company was acquired by Adani Group in Dec 2023.
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