New Delhi: Adani Group has suffered a loss of more than $120 billion since the report of American short seller company Hindenburg came out on January 24. On the other hand, on Tuesday (February 14), Adani Group has presented the quarterly results report of its flagship company Adani Enterprises and has left no stone unturned to make its investors rich. As soon as these results came to the fore, the stock of Adani Enterprises made a tremendous jump of 14 percent in the stock market and in 35 minutes the company and investors got a profit of Rs 26 thousand crores.
According to the report, the results of Adani Enterprises have come only after 2 pm. Prior to that, the stock of Adani Enterprises was trading at Rs 1,659 at 1.45 am. It was at the same time that Adani's stock started rising and in just 35 minutes, the company's stock crossed Rs 1,800, reaching the day's high. The company's stock reached the day's high at Rs 1,889 at 2.20 pm. This means that the company's stock increased by Rs 230 within 35 minutes.
Due to the 35-minute jump in the company's shares, the market cap of the company also benefited a lot. At 1.45 am, when the company's stock was trading at Rs 1,659, the company's market cap was Rs 1,88,881.35 crore. At the same time, when the company's stock reached Rs 1,889 at 2.20 pm, the market cap of the company reached Rs 2,15,067.43 crore. This means that there has been an increase of Rs 26,186 crore in the market cap of the company.
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