Adani Group Companies Increase The Market Cap Of Indian Market By 79 Percent

There has been a tremendous jump in the share prices of the Adani Group Companies owned by veteran businessman Gautam Adani. Due to this boom, Gautam Adani has become the third richest person in the world. His wealth has increased to $ 142.7 billion. According to the Bloomberg Billionaires Index, Gautam Adani is the first Asian to make it to the top three list of the world's rich. The holdings of Adani Group companies have increased by $112 billion in the last two years. This is more than any billionaire in the world. Gautam Adani's wealth has increased by 365 percent in the last two years. His wealth has increased from $30.7 billion to $142.7 billion. During these two years, he has risen from number 40 to number three in the list of the world's rich. The performance of Adani Group companies has also helped the Indian stock market. According to media reports, a 79 percent increase in the market capitalization of the country's companies has come from the seven listed companies of the Adani Group. The market capitalization of all listed companies on the Bombay Stock Exchange has increased by Rs 12.74 lakh crore in the year 2022. In this, only seven listed companies of Adani Group have contributed Rs 10.05 lakh crore. On the other hand, the market cap of companies like TCS, Infosys, Wipro, LIC, and HCL Tech has decreased by Rs 8 lakh crore this year.