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Adani Group becomes third Indian conglomerate to cross 100 billion dollar in mcap English.Lokmat.com

Adani Group becomes third Indian conglomerate to cross 100 billion dollar in mcap

Billionaire Gautam Adani''s ports-to-energy conglomerate has become India''s third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday
The total market cap of Adani Group''s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or USD 106.8 billion, according to stock exchange data.
Adani Group is the third Indian conglomerate to cross the USD 100 billion market cap mark after Tata Group and Reliance Industries Ltd.
According to BSE data, Adani Enterprises closed at an all-time high of Rs 1,225.55 on the BSE on Tuesday, up 7.67 per cent over the previous day''s close.
Adani Total Gas touched a record high of Rs 1,248 before closing at Rs 1,204.35, while Adani Transmission jumped 5 per cent to Rs 1,147 before settling at Rs 1,109.90.
Adani Ports gained 12.84 per cent to end at an all-time high of Rs 837.45.Adani Power rose 5 per cent to Rs 98.40, while Adani Green Energy gained 2.2 per cent to Rs 1,194.55. zExcept for Adani Green and Adani Power, the shares of other listed firms touched a record high.
Before the Adani Group, only Mukesh Ambani's Reliance Industries has managed to cross 100 billion.
Tata Group''s current market cap is around USD 242 billion while RIL m-cap is at USD 171 billion.
Five of the Adani Group firms have a market cap of over Rs 1 lakh crore, while one -- Adani Power-- has an m-cap of Rs 37,952.28 crore.

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