Adani Group shares at lifetime highs; Adani Power zooms 92% in one month
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The shares of Gautam Adani-directed Adani Group were on a roll with the Adani Power electricity company that zoomed up to 92% in the last month; Similarly, the Adani Wilmar also reflected an increase of 61% during the same period.
Adani Total Total Gas and Adani Enterprises rallied 35% and 33%, while Adani ports and the special economic zone climbed 22% followed by Green Energy Adane (15%) and adani transmission (7% ) With the exception of Adani and Adani transmission ports, the remaining five stocks traded to their respective senciers. In comparison, the S & P BSE Sensex won 11% in the last month Among the individual stocks, Adani Power continued to move north and was locked at the top of the 10% circuit at RS 232.60 on the BSE in the Tuesday trade.
In addition to the strong 92% increase in the last month, the stock increased by 133% in the last three months. Adani Power had recorded a consolidated net result of RS 218.49 crore on the third quarter of the 20022 fiscal year (Q3FY22). The Company has generated a CRore loss of RS 288.74 while total income was 593.58 crore compared to 7099.20 Crore of Rs in the same period a year ago.
Adani Wilmar (AWL) has also been locked on the top of the 5% circuit at RS 580.20, also its new up on BSE and rallied 61% in the last month. AWL benefits from advanced positions on the essential cooking market: brand edible oil, wheat flour, rice, etc., with a wide range of households. Its growth strategy is based on the increase in market share in the existing categories, the diversification in more segments of the FMCG, the continuation of strategic acquisitions (expansion of the product / geographical range) and a margin profile / Improved return in the medium term.
At Q3FY22, AWL reported a 66% quarterly (QOQ) growth in its consolidated net income of the RS 211 crore for the third quarter ended December 31, 2021 (Q3FY22). The consolidated revenues of the Company increased by 41% Qoq to 14,379 crore As the largest edible oil manufacturer (about 19%) with access to the global links of Wilmar (44% property), AWL has a significant supply (strong relationships with major suppliers, units closer to ports ), the supply chain and benefits to the national peers to ensure an effective cost structure that is important for a low margin company, “said JP Morgan analysts.
Adani Total Gas also struck a new vertex of 2,450 rupees, up 3% in day-to-day trade Tuesday and rallied 36% in recent months. On March 28, Adani Total Gas renounced an electric mobility by launching its first electric vehicle charging station in Ahmedabad, Gujarat. “We aim to expand the electric mobility network by setting up 1500 EVC across the country. We have kept an expansion plan ready to go beyond 1500 EVC, based on the generation of demand and The implementation of the EV ecosystem formatting in the country, “said the company in a report.
Adani Total Gas is India’s leading private player in the development of city gas distribution networks (CGD) to provide channeled natural customers (PNG) to industrial, commercial, national (residential) and natural gas customers tablet (GNC) to the transport sector. Given its gas distribution mandate prior to authorization of 14 new geographical (gas), ATGL corresponds to 38 geographical areas that account for 8% of the Indian population.
| COMPANY | LATEST (Rs) | 1-MTH BEFORE (Rs) | GAIN(%) |
| Adani Power | 232.90 | 121.00 | 92.5 |
| Adani Wilmar | 580.20 | 360.85 | 60.8 |
| Adani Total Gas | 2444.80 | 1803.00 | 35.6 |
| Adani Enterp. | 2150.50 | 1615.90 | 33.1 |
| Adani Ports | 855.50 | 699.55 | 22.3 |
| Adani Green | 2184.20 | 1891.20 | 15.5 |
| Adani Transmissi | 2467.50 | 2320.65 | 6.3 |
The shares of Gautam Adani-directed Adani Group were on a roll with the Adani Power electricity company that zoomed up to 92% in the last month; Similarly, the Adani Wilmar also reflected an increase of 61% during the same period. Adani Total Total Gas and Adani Enterprises rallied 35% and 33%, while Adani ports and…