After a 109% increase in one month, Adani Power's market capitalization reached Rs 1 lakh crore. Kno
Adani Power Shares: BeforelistsAs the stock soared as much as 5% from the previous close and reached an all-time high of Rs 270.80 on Monday, Adani Power became the sixth group company to reach Rs 1 lakh crore in market capitalization. Before this, this milestone was achieved by Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Enterprises, and Adani Ports & Special Economic Zone.
Due to the company's stock price more than doubling in the previous month, it was announced on Friday that it had joined the list of the top 50 most valuable companies in the nation in terms of market capitalization (market cap). According to data, Adani Power was ranked 49th overall in terms of market capitalization, outperforming both the DLF and Dabur India personal care companies (both with revenues of Rs 95,052 crore and Rs 98,470 crore).
Adani Power is the sixth member of the elite 1 trillion lists of Adani Group Companies. Others with market caps above Rs 1 trillion include Adani Green Energy (Rs 4.44 trillion), Adani Transmission (Rs 2.92 trillion), Adani Total Gas (Rs 2.66 trillion), Adani Enterprises (Rs 2.51 trillion), and Adani Ports and Special Economic Zone (Rs 1.85 trillion).
Adani Power Share: Price History
Share prices have increased by approximately 165% this year and 46% this month. On Monday, shares of Adani Power reached an all-time high of Rs 270.80 and increased by as much as 5% from the previous closing.
The largest private producer of thermal power in India is Adani Power, which is a component of the multifaceted Adani Group. In addition to a 40 MW solar power plant in Gujarat, the firm has an installed thermal generating capacity of 12,410 MW split across six power facilities in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh.
"AWL enjoys significant sourcing (strong relationships with leading suppliers, units closer to ports), supply chain, and scale advantages over domestic peers to ensure an efficient cost structure that is important for a low-margin business," analysts at JP Morgan said. "As the largest edible oil manufacturer (19% share) with access to the global linkages of Wilmar (owns 44%)," they added.
On D-street, several electricity businesses appeared to be coming out of a protracted hibernation on Monday. As a result of the recent increase in electricity demand, supply problems, and lower values, shares of power providers have outperformed in recent weeks. Tata Power, NTPC, and Power Grid are some of the top sector options, although some analysts believe that following the recent run-up, upsides in the near term may be restricted.
The BSE Power index has increased by 22% during the past month. Adani Power, one of the components of the Power index, has increased by 109 percent in the past month to Rs 259.20, along with the Adani Group share price. In the past month, Tata Power has increased by 9.5%. Since January 1, NTPC stock has increased by approximately 25%, while Power Grid has increased by 10.2%.