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Gautam Adani’s conglomerate, spanning ports to power, saw a remarkable surge in market capitalization of over ₹45,200 crore in just one day on Friday. This surge came as all 10 listed firms within the Adani Group experienced substantial gains, driven by renewed interest from global investors.
The collective market capitalization of the 10 Adani Group companies soared to ₹10.96 lakh crore on Friday, up from ₹10.51 lakh crore at Thursday’s close, according to stock exchange data.
Experts attribute the rise in stock prices to heightened interest from global investors. They note that recent days witnessed consolidation in Adani Group stocks, and the market has analyzed these developments and emerging trends.
Additionally, the group’s strong operational capabilities, unhindered project execution, and robust fundraising have bolstered investor confidence. Measures taken by the promoters, including equity dilution of about ₹45,000 crore, particularly from GQG, QIA, and Bain Capital, have played a role in building this confidence.
The acquisition by long-term investors like GQG Partners and Qatar Investment Authority is viewed positively, as it has provided the promoter group with substantial liquidity, addressing previous concerns.
All 10 Adani portfolio stocks concluded the period on an upward trajectory. Significant performers include Adani Power, Adani Green Energy, Adani Wilmar, and Adani Energy Solutions (formerly Adani Transmission). Adani Power saw gains of 6.34%, Adani Green Energy marked a 6.7% increase, and Adani Energy Solutions achieved a 6% upswing.
Adani Enterprises, the flagship company of the group, recorded a solid gain of 3.93%, elevating its market capitalization to ₹2,93,789 crore. Notably, Adani Ports and Adani Total Gas each added 3.2% to their stock values on Friday.
Analysts highlight the robust fundraising initiatives carried out by the Adani Group as another driver behind the recent upsurge in its market value.
The conglomerate has secured funds from global investors through multiple rounds. GQG Partners, for instance, invested about USD 4 billion across various group firms since March. Notably, GQG Partners injected around USD 1.1 billion into Adani Power through a series of block deals on Wednesday.
