Adani Group

Adani Group becomes third Indian conglomerate to reach a market value of hundred billion dollars.

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Adani Group managed to overtake big names in Indian Market, on April 6, 2021. It was surprising how the shares of four of their companies rose. These include Adani Total Gas Ltd. which soared 6% to Rs. 1,248, Adani Enterprises Ltd. 8% to Rs. 1,240.45, Adani Ports and Special Economic Zone Ltd. 14% to Rs. 852, and Adani Transmission Ltd which rose 5% to Rs. 1,147.

Adani Group

Adani Group is an Indian Company rooted in Ahmedabad, Gujarat.

It does business in resources, energy, logistics, aerospace and real estate. It has grown itself into a multinational business over the past three decades. Now, it has its wings in 50 countries of world. It was founded by Gautam Adani in 1988 and is currently known as backbone of India’s popular oil brand “Fortune Oil”.

After its shares blew the market, Adani Group has become the third Conglomerate in India to pass 100 Billion Dollars. First two being Tata Group and Reliance Industries.

Adani Group

Current Market Value of these these titans, in a decreasing order:

  • Tata Group: 242 Billion Dollars,
  • Reliance Industries: 190 Billion Dollars,
  • Adani Group: 107 Billion Dollars.

Through this Global pandemic, Adani Group has expanded business in infrastructure of the country. The Group focused on acquisitions and organic growth in order to stretch. Adani Enterprises Ltd. controls seven airports in India and about one fourth of air traffic. All the Adani Companies keep pushing their boundaries in order to grow bigger and earn better market value.

Adani Total Gas is trying to supply PNG for commercial as well as domestic purposes and supply CNG for transport purposes. They have a collaboration with France’s Total Gas and this association is a step to make this happen.

According, to Head of Research at Ventura Securities (Mr. Vinit Bolinjkar) Most stocks of Adani Group have high debt on balance sheets and this makes them risky to initiate coverage. So, before investing it’s better to weigh risks and benefits say, Ajit Mishra and Bolinjkar.

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Farishta

Farishta is an Engineer. She is currently writing for Bio News and is also working as an SEO Analyst. Her interests include reading and appreciating all kinds of music especially pop ballads.

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