Adani Power Latest Update:
Despite the fall in the stock market, most of the companies of the Adani Group continued to rise.
Shares of Adani Power rose five percent to Rs 432.80 during trading on the Bombay Stock Exchange (BSE).
This is Adani Power's highest level ever. With this, the company's market cap reached Rs 166,928.32 crore.
Adani Power left behind big companies like state-owned power company JSW, Power Grid, and ONGC.
Adani Power, a company of the Adani Group, has become the 31st most valuable company in the country by market cap.
Shares of Adani Power have gained 48 percent in the last month. This year it has gained about 325%.
Adani Power recently announced the acquisition of Chhattisgarh-based DB Power for Rs 7,000 crore.
Adani Power's profit stood at Rs 4,780 crore in the June quarter, compared to Rs 278 crore in the same quarter last year.
Chairman Gautam Adani's net worth is growing at rocket speed due to the rise in most of the Adani Group's shares.