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Published: December 8, 2023
Updated: December 8, 2023

Adani Group Stocks Soar, Delivering Impressive Returns Amidst Market Fluctuations

Adani Group stocks have witnessed a remarkable turnaround, rebounding from a challenging period earlier in the year. Despite facing allegations of fraudulent activities, malpractices, and financial misinterpretation by Hindenburg Research, the conglomerate's stocks have surged, with several achieving multibagger status.

Adani Power Ltd's Remarkable Performance:

Adani Power Ltd, the utility arm of the Adani empire, has emerged as the best performer, experiencing a staggering 335% surge from its 52-week low on February 28. Scaling new record highs, the stock reflects a total market capitalization of Rs 2.2 lakh crore.

Adani Green Energy Ltd's Noteworthy Rise:

Adani Green Energy Ltd has seen a robust uptrend, soaring approximately 290% from its 52-week lows. Despite a 60% rise in the ongoing week, the stock is still 22% below its all- time high, holding a substantial market capitalization of over Rs 2.6 lakh crore.

Adani Ports and Special Economic Zone Ltd's Record Highs:

As the largest port services provider in the country, Adani Ports and Special Economic Zone Ltd achieved a new all-time high, rising 175% from its 52-week low. The company's total valuation stands impressively at Rs 2.27 lakh crore.

Adani Enterprises Ltd's Strong Returns:

Adani Enterprises Ltd, the flagship company, has delivered remarkable returns of about 200% to investors from its 52-week low. With the stock hovering around Rs 3,000, the total market capitalization commands a significant figure of Rs 3.35 lakh crore.

Adani Total Gas Ltd's Multibagger Status:

Adani Total Gas Ltd has also joined the multibagger club, surging approximately 110% from its 52-week low. While currently 70% below its all-time highs, the stock exhibits a total market capitalization of Rs 1.3 lakh crore.

Adani Energy Solutions Ltd's Potential Multibagger Status:

Formerly known as Adani Transmission, Adani Energy Solutions Ltd is on the verge of becoming a multibagger, marking a 97% rise from its 52-week low. The stock's upward trajectory positions it favorably in the market.

Others in the Adani Portfolio:

Adani Wilmar and other acquired entities like Ambuja Cements, ACC, and New Delhi Television (NDTV) have shown positive but comparatively modest returns. Despite not achieving multibagger status, they have demonstrated resilience in the market.

Despite earlier challenges and allegations, Adani Group stocks have demonstrated resilience and garnered strong investor interest. The recent surge, coupled with multibagger status for several stocks, reflects a positive shift in market sentiment towards the conglomerate amidst electoral gains for the ruling party in the recent elections held in the Hindi Heartland.