Adani Power surpasses NTPC in m-cap ranking; zooms 318% thus far in 2022

In the past one month, the stock price of Adani Power has appreciated by 41 per cent, as compared to 6 per cent gain in the market price of NTPC. The S&P BSE Sensex, meanwhile, rallied 10 per cent

Adani Power surpassed the state-owned electric utilities company NTPC in terms of market capitalistaion (market-cap) after a sharp rally in the share price of Gautam Adani-led Group company.

At 09:38 AM, Adani Power stood at 35th position with an m-cap of Rs 160,4291 crore, while NTPC stood at 37th spot in the overall ranking with a market-cap of Rs 154,710 crore, BSE data shows. Adani Power also surpassed automobile company Mahindra & Mahindra (M&M), which has an m-cap of Rs 156,394 crore, data shows.

In the past one month, the stock price of Adani Power has appreciated by