New Delhi: Gautam Adani’s family surpassed Mukesh Ambani of Reliance Industries, reclaiming the title of India’s wealthiest promoter, Business Standard reported.
After the Supreme Court in Wednesday’s ruling refused to intervene in the market regulator’s investigation into allegations of stock price manipulation by the Adani Group, the shares of the power-to-ports giant experienced a significant surge.
The group’s stocks soared by up to 12 per cent on Wednesday, contributing to an overall market capitalisation gain of over ₹15 lakh crore.
The net worth of the Gautam Adani family increased to ₹9.37 lakh crore, up from ₹8.98 lakh crore a day earlier.
In comparison, the net worth of the Mukesh Ambani family slightly decreased to ₹9.28 lakh crore from ₹9.38 lakh crore during this period.
Adani Group stocks rally
• Adani Energy Solutions surged by 11.60 per cent to reach ₹1,183.90.
• Adani Total Gas witnessed a notable increase of 9.84 per cent, closing at ₹1,099.05.
• Adani Green Energy displayed a solid performance, climbing 6 per cent to ₹1,698.75.
• Adani Power’s shares ended 5 per cent higher at ₹544.65.
• Adani Wilmar experienced a gain of 3.97 per cent, closing at ₹381.05.
• NDTV shares jumped by 3.66 per cent to settle at ₹281.60.
• Flagship firm Adani Enterprises saw a 2.45 per cent increase, closing at ₹3,003.95.
• Adani Ports recorded a 1.39 per cent rise, reaching ₹1,093.50.
• Ambuja Cements shares rose by 0.94 per cent to ₹535.60.
• ACC inched up by 0.10 per cent, closing at ₹2,270.
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