Multibagger stocks: 3 Adani stocks gave returns of up to 200% since last Diwali | Whuff News


Multibagger stock: In the midst of Diwali 2022 celebrations and looking at possible multibagger stocks ahead of today’s Muhurat trading, one should look at the past one year and examine the performance of the much talked about stocks as well. Those who believe in tested stocks, there is a piece of stock market news for them. Of the 6 Adani group stocks listed on the Indian bourse last Diwali, three have doubled shareholders’ money since last Diwali. Adani group stocks that have doubled shareholders’ money since Diwali 2021 are Adani Power, Adani Total Gas and Adani Enterprises. Rest three stocks of the Adani group that cannot double the money of its shareholders are Adani Green Energy, Adani Transmission and Adani Ports. Of these three non-multigger Adani stocks, Adani Green Energy and Adani Transmission have delivered returns of more than 70 percent to their shareholders since Diwali 2021. In fact, Adani Ports shares have jumped up to almost 13 percent since last Diwali.

Here we list the details of the returns given by Adani group shares since last Diwali:

1]Power of Adani: Shares of this multibagger stock have soared from 105.40 to 334 per level, reaching a level of 220 percent since last Diwali. The stock has been on an upward trend for a long time and in the last one year, it has delivered a 200 percent return to its shareholders. In the year-to-date (YTD) period, the shares of this multibagger Adani group have risen from all around 101 to 334 per level, delivering around 230 percent by 2022. The stock has been under profit-booking pressure for the past month as it has declined nearly 9 percent currently.

2]Amount of Adani Gas: Shares of this Adani multibagger have been closed 1433.95 each on the NSE after the close of Muhurat trade last Diwali. Adani Total Gas today ahead of Muhurat 2022 trading is 3278.80 each, around 130 per cent higher than its closing price in Muhurat 2021 trading. This multibagger Adani stock has delivered 90 per cent return to its shareholders in YTD while in the last six months, the scrip has yielded more than 35 per cent.

3]Adani Enterprises: Adani group shares have increased from 1489.45 to 3309.75 each level since last Diwali, registering almost 120 percent during this period. This multibagger stock has delivered YYTD returns of more than 90 percent to its long-term shareholders. In the last six months, it has given a 45 percent return to its shareholders. This means, this Multibagger Adani stock has remained a money-making machine for its shareholders since last Diwali.

4]Adani Green Energy: The Adani group’s shares have risen from 1200.40 to 2106.90 since last Diwali. Therefore, the Adani group’s shares have given a 75 percent return since Muhurat 2021 trading.

5]Adani Shipping: The share price of this Adani group company has increased from 1817.50 each level 3260 per share since Muhurat 2021 trading, giving a return of almost 76 percent since last Diwali.

6]Adani Port: This part of the Adani group has jumped from 713.70 each level to 800.60 per share since Muhurat 2021 trading, recording a 12 percent return since last Diwali.

Since last Diwali, the NSE Nifty has declined from 17,916.80 to 17,576.30 levels while the BSE Sensex has declined from 60,067.62 to 59,307.15 levels, giving zero returns to market investors. So, all Adani group stocks have been delivering alpha returns to its shareholders since last Diwali.

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