Shares of Adani Enterprises Ltd have been underperforming lately, but it has delivered fantastic returns for its long-term investors. Over the past 20 years, Adani Enterprises share price has risen from Rs 9.41 to Rs 2,082.10 levels, rising about 221 times over this period. This means that these multibagger stocks have delivered about 22,000 percent returns for its shareholders over the past 20 years.
In the past year, Adani Enterprises share price has risen from Rs 1,500 to Rs 2,082 levels, rising about 40 percent during this period. Likewise, this multibagger stock has increased from Rs 130 to Rs 2,082 each in the past 5 years, clocking in at around 1500 percent over this period. Over the past 10 years, this multi-dredging inventory has increased from about Rs 222 to Rs 2,082 each, increasing by 850 percent during this period. Likewise, this multi-dredging Adani stock has skyrocketed from Rs 9.41 apiece to Rs 2,082.10 levels in the past 20 years, rising nearly 22,000 percent in these two decades.
So if an investor had invested Rs 1 lakh in this multibagger stock 10 years ago, his Rs 1 lakh would have turned into Rs 9.50 lakh today. Similarly, if an investor had invested Rs 1 lakh in Adani Enterprises shares 20 years ago, his Rs 1 lakh would have turned into Rs 2.21 crore today.
The shares of Adani Enterprises Ltd. recorded a 52-week high of Rs 2,420.0 and a 52-week low of Rs 1,333.3 respectively.
Technical outlook
From lows of Rs 121 in March 2020, the stock has rallied sharply upwards to hit a record high of Rs 1,908 in January 2022. The volumes were quite high during this period. Currently, after moving in the range of just 300 points for the past 2 months, with relatively higher volume, the price has now crossed the range on the higher side and from here we can see the stock reaching a new high.
Key financial data
The company reported consolidated revenue of Rs 25,141.56 crore for the quarter ended March 31, 2022, an increase of 32.58 per cent from Rs 18,963.4 crore in the previous quarter and an increase of 83.66 per cent over the previous quarter. compared to the Rs 13,688.95 crore a year ago. Net profit after tax for the last quarter was Rs 304.32 crore, up 30.08 percent from the same quarter a year ago.
Should you invest?
Last month, IIFL had made a sale request to Adani Enterprises with a target price of Rs 2,000. It had said the stock has given a bearish flag breakdown.
Ravi Singh vice president and head of research ShareIndia, said: “Adani Enterprises will offer short-term value purchases around Rs 2,080 – 2,050 levels ahead of target of 2,250, stop loss of Rs 1,950. Investors can wait for the levels for new entry and existing investors can average their positions at a lower level.”
Ravi Singhal Vice-Chairman GCL Securities, said, “Sell Adani emerging firms which is Rs 2,144. Stop Loss Rs 2188 and Target Price Rs 2000.
Founded in 1993, Adani Enterprises Ltd. is a Large Cap Company (with a market capitalization of Rs 236453.33 Crore) operating in the diversified sector.
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