The company’s total market capitalization rises as shares of Adani Group continue their bullish trend for the fourth consecutive day. The market value of the company has increased to Rs 14.8 lakh crore. Adani Total Gas led the rise in Adani company shares. The stock is trading at a new 52-week high, up 10 percent today. The share price is Rs 1,158.60. Notably, the stock crossed Rs 1,000 for the first time after March 24, 2023.
Adani Ports and Adani Power also continue to advance. Today Adani Ports share price is Rs.1044. Adani Power 562 and Rs. Adani Energy Solutions and Adani Green Energy stocks also advanced.
ACC and Ambuja Cements, which were in the red yesterday, also turned green today. Adani shares started to rise after the Supreme Court bench headed by Chief Justice of India DY Chandrachud delivered its verdict in the Adani-Hindenburg case. Last week, Adani Group shares began to soar. The Supreme Court has directed the Securities and Exchange Board of India to close the investigation in 24 cases related to the company.
Five Adani Group stocks have turned multibaggers from 52-week lows. Adani Group shares are up 335 percent from the lows. Adani Group shares have seen strong buying interest among investors recently. Adani shares have gained up to 60 percent recently. Half of the group’s shares became multibaggers.. Adani shares had fallen sharply after the release of the Hindenburg Research report. Those who bought the best stocks at the time seem to be reaping the benefits now. Adani Green Energy, Adani Ports and Special Economic Zone, Adani Enterprises and Adani Total Gas were the multibagger gainers after Hindenburg.