Adani Transmission Share Price: Gautam Adani Group’s power transmission company Adani Transmission touched a 52-week high in the morning session today. The Adani Group stock rose and later touched a 52-week high of Rs 3,528 per share on the BSE. It overtook fast-moving consumer goods (FMCG) firm ITC in the market capitalization (mcap) rankings as the stock touched a fresh high on the BSE in intraday trade on Wednesday.
Climbing to a new 52-week high, the market capitalization of Adani Transmission shares surpassed that of ITC and Bharti Airtel. Now, shares of Adani Transmission are ranked 11th in the list of most valuable Indian stocks by market value.
Shares of Adani Transmission, which ended on Tuesday with a market cap of Rs 3,81,671.40 crore, have now touched Rs 3,88,024.13 crore in the morning session on Wednesday, beating ITC and Bharti Airtel. Now, ITC shares are ranked 13th in the list of India’s most valuable listed companies by market capitalization with Rs 3,78,925.11 crore while Bharti Airtel is ranked 12th with a market cap of Rs 3,83,835.17 crore. is on These latest market cap figures are available on BSE’s website – bseindia.com.
In the past one week, Adani Transmission has gained 16 percent, compared to a 3.9 percent gain in the S&P BSE Sensex. On the other hand, ITC gained 0.38 percent, while Bharti Airtel gained 2 percent during the same period.
In the last one month, the stock price of Adani Transmission has increased by 45%. In the last six months, the stock has gained 73 percent, while the Sensex has lost 1.4 percent. Moreover, in the past one year, the stock has gained nearly 280 percent, compared to an 8 percent gain in the benchmark index.
Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group, one of India’s largest conglomerates. ATL is the largest private transmission company in the country with a total transmission network of 18,795 ckm, of which 14,279 ckm is operational and 4,436 ckm is under various stages of construction. ATL also operates a distribution business serving over 3 million customers in Mumbai.
The Indian government is looking at delicensing the electricity distribution business through a draft amendment to the Electricity Act with a view to enhancing competition and consumer choice, the company said in its FY22 annual report. I said.
ATL plans to enter the power distribution business in prominent cities and districts by leveraging the experience gained from its Mumbai distribution network and service. The company plans to emerge as a leading power distribution utility by providing reliable and competitive supply through innovative service platforms.
In addition, the Government of India and various state governments have taken several initiatives to promote the adoption of electric vehicles. Adani Electricity Mumbai Limited (AEML) will promote the use of electric vehicles and charging infrastructure. AEML plans to facilitate the development of charging infrastructure by partnering with bike operators (startups), cab aggregators and fleet operators, the company said.
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