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Adani Transmission hits new high, surpasses ITC in market cap ranking

At 10:23 AM, Adani Transmission's market cap stood at Rs 3.88 trillion, followed by ITC (Rs 3.77 trillion), BSE data shows.

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Deepak Korgaonkar Mumbai
Adani Transmission, the power transmission company of Gautam Adani Group company, surpassed the fast moving consumer goods (FMCG) firm ITC in market capitalisation (m-cap) ranking as the stock hit a new high on the BSE in Wednesday's intra-day trade.

With a market cap of Rs 3.88 trillion, Adani Transmission stood at 12th position in the overall market cap ranking of the BSE listed companies at 10:23 AM, the exchange data shows. ITC slipped to 13th position with a market cap of Rs 3.77 trillion.

Shares of Adani Transmission hit a new high of Rs 3,529.35 as they gained 3