Adani Ports, an Adani Group company, will replace Wipro in the Sensex on June 24. This will be the first Adani Group company to be included in the Sensex. Let us tell you that the 30 stocks of the BSE benchmark index Sensex keep changing from time to time. Under this Wipro is exiting and Adani Ports is entering this index.
If we look at the share price history of both the companies, they have risen more than 96 percent in the last one year. In comparison, Wipro’s shares on the BSE rose only 28 percent. Wipro hits 52-week high of Rs. 546.10 and a low of Rs. 375 is. Whereas, Adani Ports hit a 52-week high of Rs. 1607.95 and as low as Rs. is 702.85.
Adani Ports boom in the world, including four in the World Bank’s performance index
Adani Ports has returned more than 40 percent so far this year. Whereas, Wipro only 3.53%. Wipro’s market cap is Rs. 2.58 lakh crore, while the market cap of Adani Ports is Rs. 3.18 lakh crores.
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Top 30 companies are in Sensex
Sensex includes top-30 companies of the country. Sensex is calculated on the basis of free float capitalization. The Sensex is reviewed every six months to include or exclude stocks.
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Adani Port is the largest port operator in the country. It has 13 ports. These include Mundra Port, Tuna Terminal, Dahej Port and Hazira Port in Gujarat. While Adani has Dighi Port in Maharashtra. Mormugao Terminal in Goa and Vizingam Port in Kerala. Haldia in West Bengal, Dhamra in Odisha, Gangavaram and Krishnapatnam ports in Andhra Pradesh. Apart from this there are two ports in Tamil Nadu namely Kattupalli Terminal and Ennore Terminal.
Gautam Adani is the founder of Adani Ports.
Adani Ports was established in 1998. Adani Group Chairman Gautam Adani is its founder. Gautam Adani has made his son Karan Adani the managing director of the company. The CEO of this company is Ashvani Gupta.