Adani Gas jumps 44% in three days; market cap hits Rs 100 billion

Adani Gas hit a new high of Rs 112, up 14% on Thursday, extending its rally of over 25% in the past two days, and thus joining the Rs 100-billion market capitalisation club.

Shares of Adani Gas hit a new high of Rs 112 apiece, rising 14% on Thursday, and extending their rally of over 25% in the past two days.

Following this rally, the market capitalisation (market cap) of the gas company hit Rs 100 billion.

The market cap of Adani Gas, the gas distribution arm of Adani Group, stood at Rs 121.42 billion at 09:21 am, as per BSE data. The company has entered into the list of the top-200 most valuable companies in terms of market-cap following a sharp rise in its stock price post listing.

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