Adani Transmission surpasses ITC and Bharti Airtel's MCAP and reaches a new 52-week high.

Adani Transmission Share Price: Today's early morning session saw Adani Transmission, the power transmission division of the Gautam Adani Group, reach a 52-week high. The price of the Adani Group stock increased at market opening and later reached a new 52-week high on the BSE of Rs 3,528 per share. It eclipsed the fast-moving consumer goods (FMCG) company ITC in terms of market capitalization (m-cap) ranking on Wednesday as the stock reached a new high on the BSE.

The market value of Adani Transmission shares increased to a new 52-week high and surpassed the market values of ITC and Bharti Airtel. Adani Transmission shares are now ranked 11th in terms of market value among the most valuable Indian equities.

The market capitalization of Adani Transmission shares, which was Rs 3,81,671.40 crore on Tuesday, increased to Rs 3,88,024.13 crore early on Wednesday, overtaking ITC and Bharti Airtel. ITC shares are currently ranked number thirteen in terms of market capitalization among the most valuable listed businesses in India, with Rs 3,78,925.11 crore, while Bharti Airtel is ranked number twelve with Rs 3,83,835.17 crore. These most recent market capitalization numbers can be found on the BSE website,

Adani Transmission has increased 16% over the previous week, outperforming the S&P BSE Sensex's 3.9% gain. ITC, on the other hand, increased by 0.38 percent, and Bharti Airtel increased by 2% over the same period.

Adani Transmission's stock price has increased by 45% in the last month. The stock has increased 73% over the past six months, compared to a 1.4% fall in the Sensex. Additionally, in the previous year, the stock increased by nearly 280%, compared to an increase of 8% in the benchmark index.

The transmission and distribution division of the Adani Group, one of India's largest corporate conglomerates, is called Adani Transmission (ATL). With a total transmission network of 18,795 km, of which 14,279 ckm are now operational and 4,436 km are in various phases of construction, ATL is the largest private transmission operator in the nation. ATL also runs a distribution company in Mumbai that serves more than 3 million customers.

According to the company's FY22 annual report, the Indian government is looking into licensing the business of power distribution through proposed amendments to the Electricity Act to increase competition and customer choice and create lucrative opportunities for the nimble.

ATL plans to use the knowledge gained from its Mumbai distribution network and service to enter the energy distribution sector in other well-known cities and areas. Through the use of cutting-edge service platforms, the company hopes to become a top national electrical distribution utility that offers a competitive and dependable supply.

Additionally, the Indian government and numerous state governments have launched numerous projects to encourage the use of electric vehicles. The Adani Electricity Mumbai Limited (AEML) would support the adoption of EVs and the infrastructure for their charging. According to the company, AEML plans to work with fleet operators, taxi aggregators, and start-up bike operators to make it easier for charging infrastructure to emerge.

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