img

New Delhi. Adani Group company Adani Ports and Special Economic Zone will be included in BSE's benchmark index Sensex. Billionaire businessman Gautam Adani's Adani Port will replace IT company Wipro in the 30-share index. This change will be effective from June 24.

 

This will be the first company of the Adani Group to be included in the Sensex. A total of 10 companies of the group are listed in the market and at present their combined capitalization is more than Rs 17 lakh crore. Apart from this, Tata Group company Trent Limited will be included in the Sensex 50. At the same time, Divi Laboratories Limited will be out of the Sensex 50.

 

Hindenburg Report deficit eliminated

Shares of Adani Enterprises have surpassed the level reached before the report of US short seller Hindenburg Research in January 2023. Before the Hindenburg Research report came out, the company's shares closed at Rs 3,442 per unit on January 24, 2023.

On Friday, it reached a high of Rs 3,456.25 during the day's trading on the BSE. However, at the end of trading, it closed down 0.19 percent at Rs 3,384.65 per unit. After the report of Hindenburg Research, the market capitalization of all the companies of the Adani Group had declined by about $ 150 billion.

Shares jumped threefold

Billionaire businessman Gautam Adani's Adani Enterprises stock has recovered nearly three times from the February 2023 low. This good news for the Adani Group comes at a time when analysts expect Adani Enterprises stock to be included in the benchmark S&P BSE Sensex index in June. This could potentially bring passive flows.

--Advertisement--