A multi-bagging stock story! Adani Green becomes 10th most valuable company

On Dalal Street, Adani Green on off 2701.55 is touching the sky one by one 377.60 or 16.25%. At the current stock price, the market valuation of the company was 4,22,526.28 crores.

During trading hours, the shares touched a new 52-week high 2788.70 before correcting each.

over market cap 4.22 lakh crore, Adani Green has emerged as the tenth most valuable company on the exchanges. It will also be the only non-Sensex company to enter the top 10 list of largest market capitalization on BSE.

Adani Green surpassed telecom giant Bharti Airtel to take the tenth position. Till last week’s trading session, Airtel was ranked 10th among the top 100 companies by market capitalisation.

Shares of Bharti Airtel closed on BSE below 757.90 4.25 or 0.56%. Shares have touched intraday highs and lows 765.15 copy and 755.35 each. At closing price, the market cap of the telco is 4,16,240.75 crores.

Airtel’s market cap on Friday last week was at Rs 4,18,574.86 crore 2323.95 each.

That said, while Airtel registered profit booking today, Adani Green, on the other hand, was in a buying frenzy.

Adani Green is also a multi-bagger as it has given three-digit growth in percentage terms in a year. Taking into account today’s 52-week high, the company’s shares are up nearly 157% on D-Street. were in shares 1085.8 Apple on April 12 last year.

So, this year, where the market saw a sharp recovery due to ongoing inflationary pressures, the third wave, rising oil prices, higher commodity prices, rising food prices, and not forgetting the escalating Russo-Ukraine war at the end of February has gone. Heavy suffering Amidst all this, Adani Green became one of the top picks in the green energy segment.

Backed by a stellar performance in shares of the Adani Group, including multi-bagger Adani Green, chief Gautam Adani’s net worth has surpassed that of former Microsoft CEO Steve Ballmer and Oracle Corporation co-founder Larry Ellison.

Gautam Adani is ranked 8th in the Bloomberg Billionaires Index with a net worth of $110 billion, while Ballmer and Ellison are ranked ninth and 10th with a net worth of $104 billion and $102 billion. Adani’s wealth increased by $3.09 billion in the last change, while his net worth has increased by $33 billion year-on-year.

The only Indian businessman to compete with Adani will be Mukesh Ambani, who heads RIL, the largest company in terms of market capitalisation. Ambani is ranked 11th with a net worth of $97.5 billion.

Adani’s portfolio companies aim to invest more than $50-70 billion in the renewable energy value chain and have committed 70% of the planned CAPEX to energy transformation by 2030.

In the latest development, Abu Dhabi-based International Holding Company PJSC (IHC) is set to invest $2 billion as primary capital in three Adani portfolio companies – Adani Green Energy (AGEL), Adani Transmission (ATL), and Adani Enterprises (AEL). making plans. ,

IHC is going to invest 3,850 crore in Adani Green, while Rs 3,850 crore will be put in ATL and 7,700 crore will be invested in AE. Three of Adani’s companies – AGEL, ATL, and AEL – are market leaders in their business segments and expand the Adani Group’s green portfolio. Each of these three businesses has core aspects of ESG in their operations.

As of December 2021, the company’s energy sales grew 67% YoY to 6,456 million units, while solar CUF improved by 50 bps YoY to 22.6% and wind CUF by 470 bps YoY to 33.2%. In addition, EBITDA from power supply grew 56% year-on-year EBITDA margin improved by 160 bps to ₹2,474 crore in FY22 to 92.4%.

Among the top 10 most valuable companies listed on BSE, Reliance Industries holds the top position with a valuation of 17,65,503.82 crore, while with the valuation of TCS 13,52,531.75 crore, and HDFC Bank is at the third position 8,29,723.84 crores.

Other most valuable companies are Infosys ( 7,43,183.48), ICICI Bank ( 5,27,898.16), HUL ( 5,08,475.05), SBI ( 4,59,572.87), Bajaj Finance ( 4,44,173.16 crore), and HDFC ( 4,39,449.99 crore).