Adani, Vedanta, Birla groups lead Indian equity markets boom in 2021

The substantial growth in the Indian conglomerates' wealth comes at a time when the Indian stock markets are witnessing an unprecedented boom.

The rise in stock market this year has added immense wealth to Indian conglomerates. The Adani, Vedanta, and Aditya Birla Group companies are the top gainers among the conglomerates in terms of increasing market capitalisation since January.
 
While the Adani group companies have gained 108 per cent, Vedanta has gained 59 per cent. Excluding Vodafone Idea, the Aditya Birla group companies have gained 51 per cent, while including Vodafone Idea, in which ABG holds 27 per cent stake, the market cap gain is 50 per cent.
 
In absolute numbers, the Tata group has remained India's top business group