Adani Enterprises becomes 4th Group firm to cross Rs. 4 trillion (US$ 50.51 billion) market cap
- IBEF
- September 14, 2022
As the stock reached a new high on the BSE during the intra-day session on September 13, 2022, Adani Enterprises became the fourth listed firm of the Gautam Adani Group to cross Rs. 4 trillion (US$ 50.51 billion) in market capitalisation.
Adani Enterprises' stock price increased by 24% over the course of the last month, compared to a 2% increase in the Nifty 50 index. Adani Enterprises has increased 70% in the past three months, compared to a 15% increase in the benchmark index.
The National Stock Exchange (NSE) confirmed Adani Enterprises' inclusion in the benchmark Nifty 50 index on September 1, 2022, in place of Shree Cements.
Adani Enterprises, the parent company of the Gautam Adani Group, is one of the rapidly diversified companies that offers a wide range of products and services. The company acts as an incubator, developing new companies in the transportation and logistics, energy, and utility sectors.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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