Adani Power entered the list of top-50!!!

Adani Power, engaged in the electric utility business, climbed 5 percent to a new bliss of Rs 259.20 on the BSE in Friday's intra-day trade. With today's rally, the stock has jumped 109 percent in the last one month from the level of Rs 123.75. The data shows that adani Power has moved up to 49th position in the overall market-cap ranking, beating personal products company Dabur india (Rs 98,470 crore) and real estate major DLF (Rs 95,052 crore).

Adani Power is amongst the most valuable companies

Adani Power is the sixth company of the adani Group to be in the top 50 most valuable listed companies.  The data shows that the recently listed adani Wilmar has ranked 52nd in the overall ranking with a market cap of Rs 94,493 crore.

Adani Power Profit

Adani Power had reported a consolidated net profit of Rs 218.49 crore for the third quarter (Q3FY22) of FY22. The company reported a loss of Rs 288.74 crore while total income stood at Rs 5,593.58 crore as against Rs 7,099.20 crore in the year-ago period.

Adani Power is a part of the adani Group. The company has an installed thermal power capacity of 12,410 MW spread over six power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh, apart from 40 MW solar power plants in Gujarat.

Experts opinion

Experts believe that adani Power can get even better returns in the coming times.