- This stock is climbing even in the fall of the market
- mcap has exceeded many big companies
The domestic stock market may have lost momentum in the last few days, but quality stocks are still performing well. Investors investing in such stocks are getting bumper returns and getting rich. Adani Green, a company of Adani Group, is also one of these. In the last 3 years, this stock has given huge returns of about 7000 percent.
A few days ago mcap crossed 3 lakh crores
On Friday, the stock closed at Rs 2,128.90 on BSE. Exactly 3 years ago i.e. on 18 February 2019, its value was only 30.10 rupees. This means that this stock has given 6,969 percent return in the last 3 years. The stock, whose value was modest 3 years ago, has crossed Rs 2,100 today. A few days ago, the market cap of Adani Green has crossed Rs 3 lakh crore. With this, Adani Green has now become a bigger company than ITC and Titan.
1 lakh investment became so many lakhs
According to this remarkable journey of Adani Green, if an investor would have invested Rs 1 lakh in its shares 3 years ago, then today the value of his portfolio would have increased to Rs 70.69 lakh. Today, this stock also touched an all-time high of Rs 2,128.90 on BSE, while major indices like Sensex and Nifty have been in decline for the third consecutive day. In contrast, the stock of Adani Green has gained 11 percent in the last 4 days.
Such has been the journey of Adani Green
Adani Green Share The journey of the market has been interesting. About four years ago, this journey started from less than 30 rupees. On June 22, 2018, the share of Adani Green was just Rs 29.45. It took about one and a half years to reach Rs 100. It got wings during the Corona period and it achieved the level of Rs 500, Rs 1000 and Rs 1,500. In this way, the share of Adani Green has climbed about 7000 percent so far.
Still more room to climb
Right now the size of this company has exceeded Bajaj Finserv, Avenue Supermart, Larsen & Toubro (L&T), ITC, Maruti Suzuki and Titan. It has recently got a good rating from a brokerage firm. Ventura Securities has placed Adani Green in BUY rating. Along with this, the firm fixed the target price of Adani Green at Rs 2,810 for the next two years.
Largest company in Renewable Energy segment
This Adani Group company is currently the largest renewable energy company in the country. At present, Adani Green has a capacity of 13,990 MW. In the December quarter, the company’s sales increased by 97 percent to 2.50 billion units. A year ago, this sale was 1.27 billion units. The company’s capacity grew by 84 per cent to 5410 MW in the December quarter.