Big Jump In Gautam Adani's Net Worth As Adani Group Stocks Rally Yet Again

Shares of all Adani Group stocks witnessed a rally on Monday which led to a strong jump in the net worth of Gautam Adani. Current market price of Adani Power is Rs 325.25 apiece after an intraday rally of 6.76% on BSE. Adani Power company has a market capitalisation of Rs 1,25,446.94 crore. Adani Power stock soared 90% in last 6-months, declined 21% in last 1-year, and rallied again 728% in last 3-years.

Adani Enterprises rallied 2.42% till 2:00 pm on Monday and currently trading at Rs 2639.35 apiece. The company has a market capitalisation of Rs 3,00,943.20 crore. Adani Enterprises gained 68% in last 6-months, declined 31% in last 6-months, and offered shareholders return of 1032% in last 3-years.

Current market price of Adani Ports And Special Economic Zone share is Rs 857.70 apiece with a rally of 2.61% or 21.85 points. The company has a market capitalisation of Rs 1,85,275.12 crore. Adani Ports shares jumped 47% in last 6-months, fell over 1% in last 1-year, and surged 42% in last 3-years.

Adani Transmission Ltd shares also gained 5.82% in trade today. Current market price of Adani Transmission share is Rs 922.00 apiece. Adani Transmission has a market capitalisation of Rs 1,02,636.48 crore. Adani Transmission offered return of 19% in last 1-month. In last 1-year, Adani Transmission stock slipped 74%, declined 17% in last 2-years, and gave 238% return in last 3-years.

Adani Green Energy stock jumped 2.79% intraday with current market price at Rs 1023.10 apiece. Adani Green has a market capitalisation of Rs 1,62,062.36 crore as on August 21, 2023. Adani Green shares jumped 79% in last 6-months, dived 58% in last 1-year, and offered 1685% return in last 5-years.
Shares of Adani Total Gas Ltd gained 1.76% today to Rs 665.65 apiece on Monday. It has a market capitalisation of Rs 73,208.86 crore. In last 1-year, Adani Total Gas stock tumbled 80% and fell 37% in last 2-years. In last 3-years, Adani Total Gas rose 302%.

Adani Wilmar gained marginally today but remained in the positive territory on BSE. Last trading price of Adani Wilmar share is Rs 384.20 apiece with the gain of 0.51%. Adani Wilmar has a market capitalisation of Rs 49,933.65 crore.
Adani Wilmar declined 36% YTD and fell again 48% in last 1-year.

Media stock NDTV Ltd rallied 1.36% today to trade at Rs 227.65 apiece. It has a market capitalisation of Rs 1467.69 crore. NDTV shares declined 111% YTD and offered 154% return in last 2-years.

Current market price of ACC share is Rs 1962.20 apiece with intraday surge of 1.54%. It has a market capitalisation of Rs 36,847.62 crore. ACC shares fell 16% in last 1-year and 14% in last 2-years. In last 3-months, ACC stock gained 13%.

Meanwhile, Ambuja Cements Ltd shares jumped 2.37% in trade today with current market price quoted at Rs 464.10 apiece. Ambuja Cements has a market capitalisation of Rs 92,153.80 crore. Ambuja Cements shares surged 31% in last 31%, fell 12% in last YTD, and offered 105% return in last 3-years.

It is interesting to note that all Adani Group stocks soared on Friday, August 18, 2023.
Amid the consecutive rally in all the Adani group stocks, the net worth of billionaire businessman, Gautam Adani soared by USD 1.4 billion or 140 crore thus making them to emerge as the leading winner of the day among renowned global billionaires, according to reports.

According to a May 24, 2023 report, Adani has a net worth of $64.2 billion and holds the 18th spot in the Bloomberg Billionaires' Index. His net witnessed a surge of $4.38 billion. as Adani Group stocks logged a rise earlier in the day. Even after the surge in Gautam Adani's net worth today, billionaire businessman Mukesh Ambani continues to retain the title of India's richest person.

According to Trendlyne data, Mukesh Ambani, the Chairman of Reliance Industries, held his position as India's wealthiest individual with a net worth of approximately Rs 7.5 lakh crore ($90.6 billion) as of July 4, 2023, as per the the latest edition of Trendlyne's "Chart of the Week".

Disclaimer: The Adani Group stocks rallied again today after all of them soared on Friday. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.