Adani Group Stocks Surge, Market Capitalization Crosses Rs 10 Lakh Crore
NDTV
The Adani Group stocks jumped as much as 15 per cent, with the group market capitalization crossing the Rs 10 lakh crore mark.
Adani Group stocks surged on Monday, on the first day of trading after a Supreme Court-appointed panel's clean chit to the conglomerate in an investigation linked to US short-seller Hindenburg's allegations.
The Adani Group stocks jumped as much as 15 per cent, with the group market capitalization crossing the Rs 10 lakh crore mark. The group's market share rose from Rs 9.34 lakh crore on Friday.
Adani Group's flagship Adani Enterprises led the rally with an 18 per cent surge in Monday's trade. It was followed by Adani Wilmar (10%), Adani Ports (8.15%) and Ambuja Cements (up 6 per cent).
Adani Green Energy, Adani Power, Adani Total Gas, Adani Transmission and NDTV hit the 5 per cent upper circuit limits.
