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Adani Stock Resurgence Brings Focus On $100-Billion Investment Plan
The Adani portfolio companies' operating income surged by a record 47% in the first half of FY24 to over Rs 43,000 crore.
14 Dec 2023, 10:31 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>Gautam Adani, chairman and founder of Adani Group. (Photo: Adani Group)</p></div>](https://media.assettype.com/bloombergquint%2F2023-12%2F06352e70-2c71-4458-bd4a-a14b476b9418%2FGautam_Adani__Chairman_and_Founder_of_Adani_Group___Source_Company__Adani_Group___3_.jpeg?rect=0%2C0%2C1267%2C713&auto=format%2Ccompress&w=200)
Gautam Adani, chairman and founder of Adani Group. (Photo: Adani Group)
The twofold surge in Adani Group's market value since Feb. 24 has brought focus back on the conglomerate’s confidence to chase growth. And it's ready with a road map to invest $100 billion over the next decade.The group’s market capitalisation has recovered from the post-Hindenburg report low of Rs 6.8 lakh crore to around Rs 14 lakh crore. While it is below the peak of Rs 19.8 lakh crore, backing of marquee investors, favourable reg...
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