Adani Power share price:
Gautam Adani's company Adani Power has overtaken NTPC and Tata Motors in terms of market cap.
Despite the fall in the stock market, most of the Adani Group companies continued to rise on Friday.
Shares of Adani Power rose more than four percent to Rs 419 during the day's trading on the BSE.
This is Adani Power's highest level ever. With this, the company's market cap reached Rs 1.60 lakh crore.
Adani Power overtook state-owned power companies NTPC, Tata Motors, Mahindra, and Mahindra in a single stroke.
Gautam Adani's company Adani Power has become the 34th most valuable company in the country by market cap.
Let us tell you that in the June quarter, the company's profit increased by 17 times to Rs 4,780 crore.
Adani Power had a profit of Rs 278 crore in the same quarter last year, which grew rapidly this year.
Adani Power's stock closed at Rs 410.90, up 2.88 percent, at the end of the day on Friday.
Shares of Adani Power rose 41% in the last month. Shares of Adani Power have gained 318% so far this year.