Unlike Tuesday, only a decline was seen in Adani Group companies on Wednesday. This decline was not much. But there was also one company which showed a rise like on Tuesday and saw an increase of more than 13 percent till the market closed. This means that this company has seen an increase of more than 36 percent in two days. This company is none other than Adani Total Gas. The special thing is that in two days the market cap of the company has seen an increase of more than Rs 21,500 crore. At present the market cap of the company has reached more than Rs 80,500 crore. Let us also try to explain to you with figures how this company of Adani Group has performed in these two days.
Adani Total Gas’ glory
Gautam Adani’s Adani Total Gas shares have witnessed the highest rise in the last two trading days. During this period, the company’s shares have seen an increase of 36.49 percent. According to the data, the company’s share was at Rs 536.80 on Monday, which has increased to Rs 732.70. An increase of 20 percent was seen in the company’s shares on Tuesday. Whereas today the company’s shares closed with a rise of 13.75 percent. If experts are to be believed, the company’s shares may see further increase in the coming days.
Still 81% behind since January 24
Even after two days of rising sentiment, the company’s stock is 81 percent lower than the level before the Hindenburg report. On January 24, the company’s share was at Rs 3,885.45. Which has not even reached the level of Rs 800 yet. After the Hindenburg Research report, this is the company of Adani Group which was most affected. Considerable recovery has been seen in other companies. Adani Port’s shares have crossed the level of January 24.
Profit of Rs 21500 crore in two days
Due to this rise in the shares of Adani Group, there has been a huge increase in the market cap of the company. The market cap of Adani Total Gas has reached Rs 80,583.08 crore. Whereas when the market closed on Monday, the market cap was at Rs 59,037.80 crore. This means that the market cap of the company has seen an increase of Rs 21,545.28 crore. Whereas on January 24, 2023, the market cap of the company was Rs 4,27,325.68 crore. Where it may take a lot of time to reach.