August 19, Mumbai: Billionaire Gautam Adani's ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in the group. The overall market capitalisation of the 10 Adani Group companies shot up to ₹ 10.96 lakh crore on Friday, stock exchange data showed. The market capitalisation stood at ₹ 10.51 lakh crore at close on Thursday.

Market experts say the rise in the stock price is due to an increase in interest from global investors. "Over the last few days, there was consolidation in the Adani Group stocks. The market has analyzed the developments and emerging data points."

"Additionally, with fundraising remaining robust at the group level and project execution proceeding without a hitch, there's a strong sentiment of confidence in the group's operational capabilities. The stocks are poised for gains in the near term," said the head of research of a domestic brokerage.

He added that confidence-building measures undertaken by the promoters such as equity dilution of around ₹ 45,000 crores (Rs 38,700 crore from GQG, ₹ 4100 crore from QIA and ₹ 1440 from Bain Capital) have helped built investor confidence.

"The recent acquisition by long-term investors like GQG Partners and Qatar Investment Authority is viewed positively as post these stake sales, the promoter group has abundant liquidity. This has put behind all concerns," he told Press Trust of India.