After entering the exclusive club of India’s highest valued companies in the listed universe about a month ago, Adani Green Energy has advanced further to seventh place, leaving the State Bank of India (SBI) behind. The current market capitalization of Adani Green Energy is around $4,49,255 crores, while the market capital of SBI stands at around $4,32,263 crores. In recent times, Adani Green Energy’s market valuation has multiplied as Adani Green shares have become investors’ favorites in the green energy segment. Adani Green stock is one of the multibagger stocks in 2022, having generated around 110 percent return to its shareholders so far this year.
Adani Green’s share price rally over the past six months has helped the Adani group company outperform the market valuations of ITC, Bharti Airtel, Kotak Mahindra Bank, HDFC Limited, Bajaj Finance and SBI. This is the first non-Nifty 50 company to join the greats club.
Adani Green Stock Price History
In the past month, shares of Adani Green have risen from around $2665 to $2856, registering an increase of about 7 percent in this period. So far this year, this multi-bag stock has skyrocketed from around $1350 to $2856 levels, registering an increase of nearly 110 percent this year. Over the past 6 months, this Adani Group stock has risen from $1230 to $2856 levels each, appreciating by an amount close to 135 percent in this period. However, in the past year, this multi-bag stock has increased from $1100 to $2856, registering an increase of around 160 percent in this period.
Six listed companies that are ranked above Adani Green Energy are Reliance Industries Limited, TCS, HDFC Bank, Infosys, HUL and ICICI Bank. Reliance Industries is the most valued company with a current market capital of around $17,72,971 crores followed by TCS with a market valuation of $12,56,478 crores.