Adani Stocks: In the year 2022 so far the global economy is going through pressure. There is an atmosphere of concern among investors due to rising inflation and geopolitical tensions. This has also affected the Indian stock market. Even in such an environment, some of the Adani Group stocks have given multibagger returns. Here we are telling about two such shares of the group.
The stock of Adani Power has been one of the multibagger stocks of the Indian stock market in 2022. Till this year too, the share of Power Company has risen from Rs 101 to Rs 270 on NSE and in 2022 the share of Adani Power has climbed 165 per cent.
It is not that this year itself Adani Power is giving huge profits to its investors. For the last four years, this stock has been consistently making investors rich. This share of Adani Group has reached the level of Rs 16 to Rs 270 in these four years. Thus, if an investor had invested Rs 1 lakh in this stock four years ago, his amount would have increased to Rs 17 lakh today.
Adani Wilmar: Edible Oil Company Adani Wilmar is the new multibagger stock of the Adani Group. The stock was listed on February 8 this year.
Compared to the issue price of Rs 230, the stock has given an impressive return of 142 per cent so far. The company’s IPO came in February 2022 and now the stock is trading at Rs 560. The stock touched a record high of Rs 878 this year. However, the stock has lost 37 per cent compared to record highs.
ICICI Securities started coverage on Adani Wilmar’s stock in mid-May with a hold rating of Rs 550 with a target of Rs. The brokerage expects 10 per cent volume CAGR growth during FY22-24.
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