Adani Group Returned: The shares of Adani Group companies are seeing a steady rise again. The shares of 2 group companies are showing upper circuit since 5 days. Whereas Adani Power is having upper circuit since 2 days. The upper circuit limit has been fixed at 5% in all three companies.
Upper Circuit Means Price Cannot Move More Than That in Day
Upper circuit means that the price of the shares cannot move more than that in a day. Share of Adani Total Gas has risen from Rs 1,045 to Rs 1,294 in this week. There has been an increase of 5% everyday. Its one-year high has been Rs 1,680. The share of Adani Transmission has also increased from Rs 1,016 to Rs 1,365. In this too there has been an increase of 5% everyday.
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Upper Circuit in the Shares of Adani Power Too
Adani Power’s stock is also closing with upper circuit for two days. Today its price is Rs 85. The stock was at Rs 69 earlier this week. By the way, in a month, all the shares of the group have given good benefits to the investors. The share price of Adani Total Gas has increased from Rs 843 to Rs 1,294. Whereas the share price of Adani Enterprise has increased from Rs 1,362 to Rs 1,494.
Adani Port Share Price is Rs 724
The share price of Adani Port has increased from Rs 654 to Rs 724 while that of Adani Transmission has increased from Rs 860 to Rs 1,365. The share of Green Energy has increased from Rs 860 to Rs 1,050. The rise in share prices has also had a good effect on the market cap of the companies.
Market Cap Reduced After the Freezing of Shares of Foreign Investors
Before the news of freezing of shares of foreign investors, the total market cap of Adani Group companies was Rs 9.42 lakh crore. The freezing of foreign companies’ investment in the group’s shares came on June 14. After this the market cap of the companies continued to decrease. On June 18, the market cap had come down to Rs 7.68 lakh crore. On June 14, information about foreign investors in three group companies was revealed. Since then, the shares had fallen heavily for 5 consecutive days.
The Report Came on 12 June
A Bloomberg report dated June 12 claimed that three foreign investors held 95% of their total investments in Adani’s shares. Therefore, there is risk in these stocks. At the same time, the prices of their shares have increased significantly. Three foreign investors Albula Investments, Cresta Fund and APMS Investment Fund have invested in Adani Enterprise, Adani Green, Adani Transmission and Adani Total Gas. Adani Group Returned.
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No Trace of Foreign Investors
The claim about these investors was that they had no whereabouts. NSDL has frozen his account. They are registered at the same address of Port Louis, the capital of Mauritius. They don’t even have a website. Their total investment is Rs 43,500 crore in Adani Group companies.
6.82% Stake in Adani Enterprises
These investors hold 6.82% stake in Adani Enterprise. Its value is Rs 12,008 crore. Adani Transmission has 8.03% investment and is valued at Rs 14,112 crore. Adani Total Gas holds 5.92% investment. Its value is Rs 10,578 crore. Whereas Adani Green Energy has an investment of 3.58%. Its value is Rs 6,861 crore.
Promoters’ Stake is More Than 74.29%
Promoters hold more than 74.29% in Adani Enterprises, Adani Transmission and Adani Power. Foreign investors hold 20.51% in Adani Enterprises, 21.47% in Adani Total Gas, 20.30% in Adani Transmission, 21.47% in Adani Green Energy, 17.90% in Adani Port and 11.49% in Adani Power. The promoters hold the lowest stake in Adani Total Gas and Adani Green Energy at 56.29-56.29%.
Shares Gave Returns of 2 to 11 Times
Shares of Adani Group gave returns of 2 to 11 times during June 2020 to June 2021. The highest return in this was 11 times that of Adani Total Gas. Adani Enterprise gave a return of 9.50 times. The massive increase in the group’s share prices made the group’s owner Gautam Adani the second richest businessman in Asia. While he became the 14th richest businessman in the world.
Property Rose Sharply in Share Prices
Due to the rise in shares, the wealth of Mukesh Ambani and Gautam Adani continued to increase. According to the Bloomberg Billionaires Index, Mukesh Ambani’s net worth had increased to $84 billion in June. In this sense, he was the 12th richest person in the world. Gautam Adani’s net worth had crossed $77 billion. Adani Group Returned.
Share Prices are Increasing Due to Many Reasons
Equity99 co-founder Rahul Sharma says that the shares of Adani Total Gas and Adani Transmission have been touching the upper circuit for 5 consecutive days. However, it is still trading at a very low price from the 1-year high. Adani Gas has bought 50% stake in Smart Meters Technology. At the same time, the management of Adani Group has said that it is expecting growth of more than 10% in almost all sectors in 2021-22. Trade and Investment Limited has increased its stake in Adani Green Energy to 4%. It was 1.4% in June. This is the reason why the shares are showing an uptrend.
