Adani Green Energy outshined Adani Ports and Special Economic Zone (SEZ) to become one of the most esteemed Adani Group Company with regards to market capitalisation (market-cap) post its shares were sealed in 5 per cent upper circuit at Rs 463.65 on the BSE. At this stock price, the company had a market-cap of Rs 72,515 crore.
However, on the flip side, Adani Ports and SEZ, which was trading straight at Rs 348.55 at 9:17 AM, has the market-cap of Rs 70,817 crore, as per the exchange data. In contrast, the S&P BSE Sensex was leading at 0.5 per cent at 35,086 points.
In the overall market-cap ranking of listed companies, Adani Green Energy stood at 38th position. It is in the lead as compared to Pidilite Industries, Godrej Consumer Products, Dr Reddy’s Laboratories, Divis Laboratories and Mahindra & Mahindra.
Adani Green Energy is operating at its all-time level price and has performed exceptionally in the market in the past month by escalating 93 per cent, in comparison to 14 per cent rise in the S&P BSE Sensex.
After this victory, the company has now become the largest renewable power generator in the country with 15 Gw of renewable capacity under various stages of development. It is followed by ReNew Power with an 8.5-Gw capacity and Azure Power with a 6.5-Gw capacity.