adani group: Market cap of Adani Group stocks equals 83 midcaps or 858 smallcaps

NEW DELHI: Led by the world’s second richest billionaire, Gautam Adani, the market capitalization of Adani Group shares has surpassed that of Tata Group, India’s largest conglomerate, and is now equivalent to 83 mid-caps or 858 small-caps

Including the two recent acquisitions of ACC and Ambuja Cement, the total market capitalization of Adani Group is now Rs 22.59 lakhcrore. Within Adani Group shares, the m-cap is of

is highest at Rs 4.48 lakh crore, followed by (Rs 4.3 lakh crore) and (Rs 3.98 lakh crore).

An analysis of market data from the ACE Equity platform suggests that the m-cap of the nine stocks combined is high enough to buy at least 83 mid-cap companies, including some

Polycab, , and .

The M-Cap is also good enough to buy 858 small cap companies in India including

and .

While investors have focused on all Adani stocks, most of which have low free float and high promoter involvement, expensive valuations are becoming an issue.

In terms of TTM PE, Adani Total Gas and are among the two most expensive stocks in Adani’s family with valuations in excess of 700x current earnings.

“As a simple voyeur in this massive expansion of the Adani Group, one has to admire his sheer speed and daring. It has literally established itself as the cornerstone of the Indian economy,” said Arun Chulani, Investment Advisor, First Water Capital Fund (AIF).

After record returns in Adani stocks, most of which were multibaggers, he said one should reallocate funds to other stocks that are relatively cheaper.

As a result of the massive surge in stock prices, the Ahmedabad-based businessman’s wealth grew by 116 percent last year and in absolute terms he earned Rs 5,88,500 crore according to IIFL Wealth Hurun India Rich List 2022.

60-year-old Adani’s total wealth is estimated at Rs. 10.94 billion.

Trendlyne data shows that

has no analyst coverage, 3 other companies – Adani Total Gas and Adani Enterprises – each have only analyst rating. , the group’s cash cow, has the highest coverage through 22 brokerage houses.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times) adani group: Market cap of Adani Group stocks equals 83 midcaps or 858 smallcaps

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