The shares of Adani (Adani Group stock) are earning bumper earnings of investors. There has been a tremendous rally in the shares of Adani Enterprises. On the trading day, this stock has reached a record level of 52 weeks in the market. This stock has seen a record rally on BSE, after which the stock has made a new high in the market at the level of Rs 3506. At the same time, this month this stock is also being included in the list of Nifty-50.
Will be included in Nifty-50 list from 30th September
Let us tell you that instead of Shree Cement, now Adani Enterprises will get the Nifty-50 list. This stock will appear in the list of Nifty from 30 September 2022. According to domestic brokerage and research firm Edelweiss, by the end of this month, the inclusion of Adani Enterprises in the Nifty 50 index is expected to bring in investments of about $ 285 million.
More than 100% return given in YTD time
Let us tell you that Adani Enterprises Limited (AEL) is the flagship firm of the Indian Adani Group, whose headquarter is in Ahmedabad. This stock has given a return of 101.10 percent so far in YTD time. In January, the value of this share was at the level of 1716. The share price has gained Rs 1,735.40 in the last 8 months.
The company’s net profit rose 73 per cent to ₹469 crore in the first quarter ended June of the current financial year, while its revenue for the quarter ended June 30 grew by 223 per cent YoY (YoY) to ₹41,066 crore.
How was the stock’s move?
If you look at the chart of the last 6 months, the stock has seen a rise of 108.40 percent. The stock has gained Rs 1,795.55 during this period. At the same time, in the last one year, the stock has given a return of 123.50 percent to the investors. During this period, this stock has climbed at the level of 1,907.50. If you look at the chart of the last 5 years, the stock has gained 4,500.21 percent.
