Indian billionaire Gautam Adani gets Rs 40000 crore in one day as Adani Group stocks rise

Indian billionaire Gautam Adani became richer by nearly Rs 40,000 billion in a single day on Wednesday as Adani Group shares rose. The shares boosted the share market, adding a staggering 39,640 billion rupees to market capitalization in a single session. Investors welcomed the upbeat wave of earnings from major group companies led by Adani Green Energy and Adani Total Gas, signaling renewed momentum in the conglomerate’s expanding portfolio. The rise in stocks was largely driven by strong quarterly results from renewables and energy lines. It led to a broad-based increase among the group’s 10 listed companies.

Adani Green Energy share price

Adani Green Energy’s share price rose 11.06 per cent to Rs 1,115.30 on NSE on Wednesday. The market capitalization of the company stands at 1.81 lakh crore rupees as of October 29. The company announced its second-quarter results on Tuesday, reporting a 28 percent year-on-year increase in consolidated net profit in the September quarter. It was stated in a stock exchange filing that Adani made a net profit of 515 billion rupees in the July-September period of the previous financial year 2024-25.

Adani Total Gas share price

Shares of Adani company rose 2.09 per cent to Rs 634 on NSE on Wednesday. Its market capitalization stands at Rs 69.812 billion as of October 29. The company reported a net profit of Rupees 164 billion in the second quarter, down 11.9% from Rupees 186 billion in the same period last year. Revenue for the quarter rose 19.6% year-on-year to Rs 1,576.4 billion from Rs 1,318.5 billion in the second quarter of the fiscal year, driven by increased volumes in the CNG and PNG segments.