Multibagger stocks: Adani shares enter 50 most valued company's club this week | Mint
Active Stocks
Mon Feb 26 2024 09:58:11
  1. Tata Steel share price
  2. 144.50 -0.69%
  1. Power Grid Corporation Of India share price
  2. 286.40 1.49%
  1. ITC share price
  2. 411.55 -0.01%
  1. State Bank Of India share price
  2. 759.90 0.07%
  1. HDFC Bank share price
  2. 1,422.05 0.08%
Business News/ Markets / Stock Markets/  Multibagger stocks: Adani shares enter 50 most valued company's club this week
BackBack

Multibagger stocks: Adani shares enter 50 most valued company's club this week

Stock market this week: In the list of most valuable 50 Indian companies, Adani Power stands at 48th spot with market value of ₹1.08 lakh crore whereas Adani Wilmar shares stand at 50th spot with market capitalization of ₹1.01 lakh crore

In last fortnight, Adani Power and Adani Wilmar shares have hit ₹1 lakh crore market capital. (REUTERS)Premium
In last fortnight, Adani Power and Adani Wilmar shares have hit 1 lakh crore market capital. (REUTERS)

Multibagger stocks: After hitting 1 lakh crore market capital, Adani Power and Adani Wilmar shares have entered the 50 most valuable companies' list last week. In the list of most valuable 50 Indian companies, Adani Power stands at 48th spot with market capital of 1.08 lakh crore whereas Adani Wilmar shares are standing at 50th spot with market valuation of 1.01 lakh crore.

In last fortnight, Adani Power and Adani Wilmar shares have hit 1 lakh crore market capital. Adani Wilmar is the latest Adani stock to have hit 1 lakh crore market valuation. It hit this milestone on 26th April 2022 i.e. Tuesday last week when it hit 5 per cent upper circuit in early morning deals. However, Adani Power shares hit 1 lakh crore market capital few sessions earlier in previous week.

Adani Power share price history

Adani Power shares are one of the multibagger stocks in 2022. This Adani group share has ascended from around 101 to 283 apiece levels, logging around 180 per cent rise this year. In last one year, Adani Power share price has appreciated near 200 per cent. So, most of the rally witnessed in Adani Power share price is mainly after ushering in new year 2022.

Adani Wilmar share price history

Adani Wilmar shares were listed on 8th February 2022 and after listing it has delivered around 190 per cent return to its shareholders. However, if we compare its public issue price of 218 to 230 per equity share, it has surged around 240 per cent from its upper price band. So, Adani Wilmar is a multibagger IPO as well.

These two stocks have played a pivotal role in helping Indian billionaire Gautam Adani's net worth rise in 2022. In 2022, Gautam Adani's net worth ahs surged by near $45.3 billion helping him enter the list of top 10 billionaire of the world in Bloomberg Billionaires Index.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Apr 2022, 11:30 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App