InvestorQ : Is it true that the Adani group stocks have been the biggest wealth creator in the lats 2 years since the COVID recovery started?
Riya Dwivedi made post

Is it true that the Adani group stocks have been the biggest wealth creator in the lats 2 years since the COVID recovery started?

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shrinidhi Rajan answered.
4 weeks ago
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The Adani group stocks has been among the biggest wealth creators in the Indian markets in the last 2 years, which also explains Gautam Adani becoming the third richest person in the world. In fact, his personal net worth jumped 365% in last 2 years, but will now get back to the story of the group companies. In the last two years, the market capitalization of the Adani Group companies rose by a whopping $112 billion. This has been on the back of an all round performance by most of the leading Adani group companies.

Let me put things in perspective. If you look at the year 2022, out of the total market cap accretion of the Indian markets, nearly 79% gains were registered only in the Adani Group listed companies. In the year 2022 so far, the market capitalization of the BSE listed companies surged by an impressive Rs12.74 trillion. What is more impressive is that the 7 listed companies of the Adani Group contributed Rs10.05 trillion out of this total accretion. Adani Power was the top gainer adding nearly 313% during the year gone by.

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