As the bull run in Indian markets continues, many stocks have delivered multi-bagger returns in the past one year and some stocks have even delivered 10x returns in the same period. In the same time frame six out of seven stocks in the Adani group have more than doubled investors' wealth.
The Adani Group is the third largest conglomerate in India, after Reliance Industries and the Tata Group. The group's diverse businesses include port management, electric power generation, and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.
Adani has expanded his empire aggressively in recent years by diversifying his business into multiple sectors. In May, he entered the cement sector by winning the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 billion (around ₹81,361 crore). On July 9, Adani's group confirmed its entry into the race to acquire telecom spectrum, saying it will be used to build a private network to support its businesses ranging from airports to power and data centers.
In August, the Adani Group also announced plans to set up a 4.1 million tonnes per annum integrated alumina refinery and a 30 million tonnes iron ore beneficiation plant in Odisha that could cost over ₹58,000 crore.
As Adani deals rise rapidly, CreditSights last month said that the Adani group is deeply overleveraged as the group is using debt to invest aggressively across existing as well as new businesses. However, it later admits to calculation errors in its analysis.
Meanwhile, the unprecedented rise in Adani Group stocks made its founder, Gautam Adani, the second richest man on earth. According to Forbes, Adani surpassed Vittons' Bernard Arnault, the co-founder of Louis Vuitton, to become the world's second richest individual. Adani's net worth stands at $155.7 billion as of September 16, 2022, up by $5.5 billion, Mint reported, quoting Forbes real-time billionaires list.
Six out of seven Adani group stocks have turned into multi-baggers in the last one-year period. Adani Wilmar, which was recently listed, is trading 213.47% higher than its issue price of ₹230/share. The listing of Adani Wilmar comes at a time when Gautam Adani overtook Reliance Industry’s Mukesh Ambani to take Asia's richest spot.
|Scrip Name||LTP||Promoter Holding (%)||% 6 month Return||% 1 Year Return||% 3 Year Return|
|Adani Total Gas||3,528.80||74.8||117.24||150.76||2406.25|
|Adani Green Energy||2,316.60||60.5||28.79||105.56||4070.3|
|Adani Ports & Special Economic Zone||938.20||66.0||30.07||22.49||153.16|
In May, Adani Wilmar topped the FMCG chair, dethroning HUL. Adani Wilmar Consolidated revenue crossed the 50,000 mark and stood at ₹54,214 crore in 2022 compared to ₹37,090 crore in 2021. While HUL has reported ₹51,468 crore sales in terms of yearly revenue in the financial year 2021-22.
Adani Power shares are the top performers among Adani Group stocks, having gained nearly 340% in the last year. The stock started rising in February and has never looked back, increasing by 222 percent to date.
On August 03, Adani Power reported a 17-fold surge in consolidated net profit after tax at ₹4,780 crore as against ₹278 crore in the same quarter of last year. Total revenue increased by 115 percent year on year to ₹15,509 crore, up from ₹7,213 crore in the April-June quarter of last year.
Further, the stock of Adani total gas has climbed from ₹1989.20 to ₹3601.35, generating a return of over 81.04% in the last three months. In the past year, the stock has risen 155.39 percent to ₹3601.35 as of September 16, 2022. It has surged 2456.82 percent in a 3-year period.
Shares of Adani Transmission hit an all-time high of ₹4,236.8 on the NSE in Friday’s trade. In the last one year, the stock doubled investors' wealth by surging 124 percent from ₹1,820.35 to ₹4,094.75, while Adani enterprises also set a record high at ₹3,867 during Friday's trading session.
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