Adani group shares hit all-time new high record, 11% hike in 2 days
Adani Enter. Ltd. is the flagship company of the Adani Group. Over the years,
Adani Enterprises has focus on building emerging infrastructure businesses and splitting them into separate listed entities.
Shares of Adani Enterprises continue its rally at a new high of ₹ 1549 in intra-day trading on the Bombay Stock Exchange – BSE.
The share price has now cross its previous high of ₹ 1390 record on Tuesday.
Earlier this month, the company declare that its January – March profit stand at ₹ 413 cr,
up 7 times as against ₹ 61 cr. during the same period last year.
However, the total income remain stagnant at ₹ 13689 cr.
Exact gain for the whole FY 2020-21 stood at Rs. 1182 cr, up 26%.
Total income decline to Rs. 40291 crore in FY21 as compare to Rs. 44086 cr in FY20.
‘There an exceptional one-time loss of Rupees 259 crore in FY 2020-21,
and an exceptional profit of Rs. 199 crore in FY20,’ the company in a statement.
Adani Enterprises has focus on building emerging infrastructure businesses,
and splitting them into separate list entities.
At April, this group became the 3rd conglomerate in India to cross $ 100 billion in market capitalization.
The 6th list companies of the Group have a total market capitalization of over $ 104 billion, according to BSE data.
At earlier, the Tata Group & Mukesh Ambani leding Reliance Group have achieve this position.
The current market capitalization of the Tata group is $ 242 billion,
while the market capitalization of the RIL group is $ 190 billion.