Adani Enterprises, the flagship company of Adani Group, is giving huge profits to investors these days. The stock has remained at its 52nd consecutive week. With the opening of the market, the share price of Adani Enterprises reached Rs 2514, which is its highest level ever. However, the stock declined marginally during the day and closed at Rs 2,498.
Adani Enterprises gave 19 percent return in one month
Adani Enterprises has given investors a return of 18.41 per cent in the last one month. During this, the share price has risen from Rs 2,110 to Rs 2498. Talking about the returns of the last six months, the stock has given a return of more than 45.64 percent to the investors. During this period, the share price has climbed from Rs 1,715 to Rs 2,498.
In the last one year, the stock has given investors a bumper of 78.28 per cent. During this, the share price has increased from Rs 1,401 to Rs 2,498.
Adani Transmission also picks up
Adani Transmission is also witnessing good growth with Adani Enterprises. Although it has fallen from its highest level of 3,069 to 2,970 level, but the stock has given a return of 41 per cent to investors in the last one month. During this, the share price has increased from Rs 2,105 to a level of 3,069. It has given returns of 45 per cent in the last six months and 208 per cent in one year.
Experts are acknowledging the increasing demand for energy as a major reason for the rise in the shares of Adani Group. Adani Group has a large presence in the energy sector in coal, green energy, power generation and transmission lines.
Gautam Adani 4th richest person in the world
The rise in the shares of Adani Group has seen a big jump in the wealth of Chairman Gautam Adani. According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has jumped this year by $36 billion and is the fourth richest person in the world with a net worth of $113 billion.