Gautam Adani's wealth rises by $5.6 billion amid market rally
Not seeking extension to finish probe into Adani-Hindenburg matter: Sebi to SC After the Court's order, the industrialist ranks 20th on the Bloomberg Billionaires Index with a $65.8 billion fortune. Additionally, Adani Group stocks added about $9.8 billion in market value on Monday. The surge in stock was part of Nifty 50 and Sensex scaling new highs as market investors cheered a victory by Prime Minister Narendra Modi’s party in three state elections.
At record high! Sensex jumps over 1,100 points, Nifty over 300 points: 5 reasons why On Monday, at 9.30 am, the Sensex was up over 1,000 points, or 1.5%, at 68,525 and the Nifty was up over 300 points, or 1.5%, near 20,600. Shares of flagship firm Adani Enterprises jumped 7.8% while those of Adani Green Energy jumped 8.43%. Shares of Adani Total Gas clocked a gain of 4.56%.
Shares of Adani Power surged 5.35% while shares of Adani Wilmar rose 2.59%, and Adani Ports shares rose 6.10% at 1:20 pm on Monday. Adani Enterprises share price, other group stocks surge up to 15% as Nifty 50 jumps to record high Last month stock prices of Adani-owned firms soared by almost ₹15,000 after SC's order. Nine of the 10 listed group companies ended in the green, adding ₹14,786 crore in group market capitalization, stock exchange data showed.
Read more on livemint.com
