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Adani on the rise Q3 results ignite 7% surge, pushing mcap near Rs. 15.6 lakh crore

You can learn a lot about Adani Groupu2019s position in the market by comparing its market capitalisation to that of its competitors in the same industry. Doing so will also give you a clear idea about Adani investigation, the findings of which are in Adaniu2019s favour. A more complete picture emerges when one considers the conglomerate in relation to other big players in each industry.

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Adani on the rise Q3 results ignite 7% surge, pushing mcap near Rs. 15.6 lakh crore

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  1. Adani on the rise: Q3 results ignite 7% surge, pushing mcap near Rs. 15.6 lakh crore

  2. In the wake of Gautam Adani’s conglomerate’s interim budget 2024 and results releases, Adani Group stocks surged higher on Monday ( Jan 29, 2024). So far, only a number of Adani Group firms have announced their quarterly profits for the December 2023 period. However, later this week, a handful of more companies are expected to follow suit. Market capitalization for Adani Enterprises Ltd., the parent firm of the Adani Group, reached about Rs. 3.5 lakh crore on Monday (Jan 29 2024), as shares increased by as much as 6% to Rs. 3063.90. On Thursday, February 1, 2024, Adani Ports and Adani Enterprises will reveal their financial results. For the day, the latter one increased by 4.4% to Rs. 1,196.75.

  3. Adani Group’s Impressive Financial Performance and Stock Soars Across Subsidiaries in Q3FY24 With a market valuation close to 2.2 lakh crore rupees, Adani Power Ltd. shares reached an all-time high of 569.60 rupees on Monday (29 Jan’24). For the quarter ending December 31, 2023, Adani Power’s consolidated net profit was Rs. 2,737.96 crore, an increase of more than 100% year-on-year. In Q3FY24, its EBITDA increased by 151% year over year, reaching Rs. 5,009 crore.

  4. Close to Rs. 15 Lakh Crore in Market Capitalisation The immense impact of the Adani Group on the Indian stock markets is shown by the fact that the combined market valuation of their firms is getting close to an astonishing Rs. 15 lakh crore. This remarkable value shows that the market has faith in the Group’s capacity to seize growth opportunities and successfully handle obstacles. You can learn a lot about Adani Group’s position in the market by comparing its market capitalisation to that of its competitors in the same industry. Doing so will also give you a clear idea about Adani investigation, the findings of which are in Adani’s favour. A more complete picture emerges when one considers the conglomerate in relation to other big players in each industry.

  5. Thank You For Your Attention

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