Multibagger Stocks Since Last Diwali: If you are planning to invest in the stock market on the occasion of Diwali. So this news must be read. Last year on Diwali 2021, 6 companies of Adani Group were listed. Out of this, 3 companies have given multibagger returns to investors in the last 1 year.
This is that 3 company
Adani Power has given 3 times returns to investors since last Diwali. Adani Total Gas and Adani Enterprises have given double profits to their investors.
Adani Ports and SEZ (APSEZ), the worst performing Adani Group company, has also given around 13 per cent returns since last Diwali. Last year Diwali was on November 4. Since then the Sensex and Nifty have seen a decline of about 1 per cent.
View performance of 2 other companies
Adani Green, two other companies of the Adani Group, have Diwali From 76.72 percent and Adani Transmission has given a return of 71.88 percent. Adani Wilmar, another company of Adani Group, got listed on the stock market. Also Gautam Adani-led Adani Group has bought two listed cement companies SCC and Ambuja Cements.
what is target price
If experts are to be believed, none of the 22 analysts covering Adani Ports have suggested selling it. Kotak Institutional Equities has increased its target price from Rs 810 to Rs 900. The average target price of the company’s stock is Rs 913, which is 13 per cent higher than its current price. Hardly any analyst covers Adani Power, Adani Enterprises, Adani Green Energy and Adani Total Gas. Recently, Adani Total Gas has been placed in the hold rating for long term gains. For the next 24 months, the firm has kept its target price at Rs 3,475, which is 6 per cent higher than its current market price.
Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. From ABPLive.com it is never advised to invest any money here.
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