Adani Green Energy's Shares Rise 9.3 Per Cent On BSE, Touch 52-Week High
The company had entered the exclusive club of companies as its market valuation zoomed over Rs 4.22 lakh crore, backed by a sharp rally in its share price
New Delhi: Adani Green Energy Limited’s share price jumped 52-week high at 9.3 per cent to Rs 2,951.90 a piece on the BSE on Tuesday.
As its market valuation zoomed over Rs 4.22 lakh crore, the company had entered the exclusive club of companies, backed by a sharp rally in its share price.
The company commanded a market valuation of Rs 4,22,526.28 crore to grab the tenth spot on the top-10 list of most valued companies.
The company had left behind Bharti Airtel to enter the top-10 list. Bharti Airtel's valuation is at Rs 4,16,240.75 crore.
The other most valued companies in the top-10 are Reliance Industries, TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, Bajaj Finance, and mortgage lender HDFC.
According to a report by the PTI, Adani Green Energy on Monday entered the list of top-10 valued firms as its market valuation zoomed over Rs 4.22 lakh crore, backed by a sharp rally in its share price.
The company commanded a market valuatuion of Rs 4,22,526.28 crore to grab the 10th spot on the top-10 list.
The company pipped Bharti Airtel to enter the top-10 list. Bharti Airtel's valuation is at Rs 4,16,240.75 crore.
Shares of the company have rallied 103.46 per cent so far this year.
Reliance Industries Limited with a market valuation of Rs 17,65,503.82 crore is the country's most valued firm, followed by TCS (Rs 13,52,531.75 crore), HDFC Bank (Rs 8,29,723.84 crore), Infosys (Rs 7,43,183.48 crore), ICICI Bank (Rs 5,27,898.16 crore), HUL (Rs 5,08,475.05 crore), State Bank of India (Rs 4,59,572.87 crore), Bajaj Finance (Rs 4,44,173.16 crore), HDFC (Rs 4,39,449.99 crore) and Adani Green Energy.
Abu Dhabi-based conglomerate International Holding Company will invest $2 billion in three green-focused companies of Adani Group.
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