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Published: November 30, 2023
Updated: November 30, 2023
The Adani group is making big inroads in the data centre business and will take on existing players. The company is under Adani Enterprises and will be listed soon. The airport business is expected to be listed by 2026 by Adani Enterprises. The listing plans have led to a massive jump in Adani group shares.
All 10 stocks in the Adani group clocked gains ranging from 7-20%, with Adani Green Energy and Adani Energy Solutions hitting gains of 20%. The group’s flagship company, Adani Enterprises Ltd (AEL), saw a staggering rise in its share price by 16.91%, increasing its market valuation by a substantial Rs 48,809 crore. Adani Ports and Special Economic Zone (APSEZ) also had a solid performance with a 15.3% gain in the share price, contributing Rs 29,043 crore to the market cap.
Analysts say the Adani group’s rapid recovery to this 11-month high is a testament to the market’s recognition of the group’s strategic initiatives and exemplary governance.
The group’s focus on critical infrastructure, adept handling of debt restructuring, and strategic fund-raising efforts highlight the high calibre of the conglomerate. Observers say it was only a matter of time before the market realized the potential of the Adani group, whose actions have been perfectly aligned with its vision for growth and sustainability.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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