In comparison, the value of veteran industrialist Mukesh Ambani’s Reliance Industries rose by 13.4% to Rs 18.87 lakh crore. Thanks to this, the company continues to top the Burgundy Private Hurun India 500 ranking. In other words, seen in this way, the valuation of Gautam Adani’s companies increased about 6.5 times faster than that of Mukesh Ambani.
TCS is at number three on the list
Tata Consultancy Services (TCS) ranked third in the list with a valuation of Rs 12.97 lakh crore. However, its value decreased by 0.9% during this period. It was followed by HDFC Bank, Infosys and ICICI Bank respectively.
The Fastest Growing Green Energy Valor
According to the report, Adani Green Energy’s valuation rose the fastest by 139% to Rs 4.50 lakh crore among the companies run by Gautam Adani. With that, the company jumped from the 16th position to the sixth position six months ago.
What about the rest of the Adani Group companies?
Adani Wilmar was up around 190% at Rs 66,427 crore, Adani Power was up by 157.8% at Rs 66,185 crore. The valuation of a total of nine companies in the group over the six months (from November 2021 to April 2022) increased by 88.1% to Rs 17.6 lakh crore. They hold 7.6% of the capital of the top 500 companies.
500 companies valued at Rs 232 lakh crore
“Adani Group companies increased in value by 88.1% during the period under review,” the report said. While the value of 500 companies only increased by 2%.” According to the Hurun India report, the value of the top 500 companies in India increased slightly by 2% to Rs 232 lakh crore, from Rs 221 lakh crore as on October 30, 2021.
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The best Indian companies in the world
Despite marginal growth, the companies on the list outperformed 30 companies on BSE Sensex (down 4%) and Nasdaq (down 17%). Anas Rehman Junaid, Managing Director and Chief Researcher, Hurun India, said, “Indian companies have weathered the ups and downs and outperformed their peers globally. This shows the solid foundation of the Indian economy.
Baba Ramdev’s Patanjali Ayurved Ranking Has Dropped
Among the companies that have seen falling valuations and falling rankings are Patanjali Ayurved, led by Baba Ramdev. The value of the business decreased by 17.9% to Rs 23,000 crore. Simultaneously, he slipped down the rankings to 184th position from 34th position earlier. According to the report, Vedanta Fashion was the main winner with a growth of 313.9% in value. It was followed by Adani Wilmar (190%) and BillDesk (172.9%).
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