An Adani Group company has given returns of more than 200% in the last one year. This company is Adani Power. Adani Power has now achieved another big milestone. The company has made its place in the club with a market cap of Rs 1 lakh crore on Monday. Shares of Adani Power rose 5 per cent to Rs 272.15 on the Bombay Stock Exchange (BSE) on Monday. Adani Power’s market cap rose to around Rs 1.05 lakh crore on the BSE.
210 percent jump in the company’s shares
Adani Power is part of the diversified Adani Group. Adani Power is the largest private thermal power producer in India with a capacity of 12,450 MW. It has thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh. The company also has a 40 MW solar power project in Gujarat. Shares of Adani Power have gained 170 per cent so far this year. At the same time, the company’s shares have gained 210 percent in the last one year. The 52-week low of Adani Power’s shares is Rs 69.95. At the same time, the 52-week high level is Rs 272.15.
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Adani Group’s sixth company to reach this milestone
Adani Power is the sixth company of the Adani Group to have a market cap of over Rs 1 lakh crore. Adani Green Energy has a market cap of Rs 4.41 lakh crore, Adani Transmission has a market cap of Rs 2.87 lakh crore, Adani Total Gas has a market cap of Rs 2.66 lakh crore, Adani Enterprises has a market cap of Rs 2.51 lakh crore and APSEZ has a market cap of Rs 1.82 lakh crore Is. Edelweiss Alternative and Quantitative Research believes that two more companies along with Adani Power may be included in the MSCI India Index. The MSCI index review is likely to be announced on May 13 and re-balancing is expected from May 31.
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