New Delhi:
According to the Integrated Annual Report 2023-24 released by Adani Group, the number of shareholders of Adani Group is increasing rapidly. The number of shareholders has reached 67 lakhs. According to the data, this is 6 times the number of shareholders in March 2019. Let us tell you that in March 2019, the number of shareholders of Adani Group was 11 lakh.
Global research firm Jefferies said in its note that the Adani Group is now engaged in vigorous expansion and the group is now eyeing capex of $9,000 crore over the next decade. Jefferies has maintained a BUY rating on four Adani Group companies – Adani Enterprises, Adani Ports & SEZ, Adani Energy Solutions and Ambuja Cements.
The group today is in a stronger position than ever: Gautam Adani
Adani Group Chairman Gautam Adani said in the annual report last week that the challenges the group faced last year strengthened its resolve and drew inspiration from India’s resilience. He said two-pronged attacks by US short sellers had targeted the group on financial and political fronts, creating an all-out crisis. Stating that the road ahead is full of extraordinary possibilities, Gautam Adani said that the Adani Group today is stronger than ever.
On Friday, Adani Group shares rose to a market cap of Rs. 1.23 lakh crore was added, taking the group’s total market cap to Rs. 17.94 lakh crore was reached. Listed companies trade at a Nifty 50 multiple of 20.3X compared to the benchmark’s 19.2X, the group said in its latest report. The portfolio has shown strong EBITDA growth, outperforming both domestic and global indices.
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