Adani Enterprises enters top-50 most-valued companies list

In the past one week, Adani Enterprises' stock rallied 21 per cent after Adani Airports completed acquisition of 23.5 per cent stake in Mumbai Airport

Adani Enterprises, on Friday, entered the list of the top-50 most valuable companies in India after the company's stock price rallied 9 per cent to Rs 719, also its new high, on the BSE in intra-day trade.

At 02:44 pm, Adani Enterprises, trading at Rs 718, recorded market capitalisation (m-cap) of Rs 78,554 crore, and stood at 49th position in the overall ranking, BSE data show. On Thursday, the company was stood at number 55th position in market cap ranking.

Today, Adani Enterprises surpassed steel major Tata Steel, personal products company Godrej Consumer Products, private lender IndusInd Bank,