Adani Group stocks gain ₹57,201 crore m-cap in two sessions; Adani Green biggest contributor

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₹57,201 crore. The majority of the gains came from Adani Green Energy Ltd, which contributed ₹23,618 crore, Adani Power Ltd, which added ₹6,738 crore, and Adani Enterprises Ltd, which chipped in ₹5,728 crore. Due to rising interest from domestic investors, the majority of market cap gains were seen during Tuesday's trading session, according to analysts.

Market analysts say that rising interest from domestic investors is the reasonfor the surge in stock prices. Ten Adani Group stocks, including Adani Power, Adani Enterprises, Adani Total Gas, Adani Transmission, Adani Green Energy, Adani Ports & Special Economic Zone, Adani Wilmar, ACC, Ambuja Cements, and NDTV, climbed from 2% to 15% in the previous two trading sessions. Among the ten Adani Group stocks, Adani Green share price gained the most to( 15.30%) over the last two trading session.

There is unquestionably a lot of interest from investors, including retail, HNIs, and family offices. The market is also catching up to the fundamentals of the Adani Group companies. According to a news report, the Hindenburg controversy has taken a backseat, and the market is now evaluating the company based on its financial success, said a head of research of a domestic brokerage house.

Over the past five months, three tranches of investment have been made in Adani Group firms by the US-based investment firm GQG Partners. GQG first invested USD 1.87 billion in four group firms in March, and then it bought shares in the open market for roughly USD 500 million in May. In late June, GQG acquired more shares in numerous Adani Group companies valued at USD 1 billion.