Rs9 to Rs2082: Multibagger Adani stock turns Rs1 lakh to Rs2.2 crore in 20 years

14 Jun , 2022 By : Kanchan Joshi

Multibagger stock: Money is not in mere buying and selling of stocks but in wait. Following 'buy, hold and forget' strategy, one can make an ocean from an ice tip. Adani group stock — Adani Enterprises is a glaring example of it. In last 20 years, Adani Enterprises share price has surged from Rs9.41 to Rs2082.10 levels, ascending around 221 times in this period. This means, in last 20 years, this multibagger stock has delivered around 22,000 per cent return to its shareholders.

Adani Enterprises share price history

This multibagger Adani stock has surged from Rs1717 to Rs2082 levels in YTD time, logging 21 per cent rise in 2022. In last one year, Adani Enterprises share price has ascended from Rs1500 to Rs2082 levels, logging around 40 per cent rise in this period. Likewise, in last 5 years, this multibagger stock has risen from Rs130 to Rs2082 apiece levels, clocking around 1500 per cent rise in this period.

In last 10 years, this multibagger stock has surged from around Rs222 to Rs2082 apiece levels, appreciating to the tune of 850 per cent rise in this period. Similarly, in last 20 years, this multibagger Adani stock has shot up from Rs9.41 apiece levels to Rs2082.10 levels, logging near 22,000 per cent rise in these two decades time.

Impact on investment

If an investor had invested Rs1 lakh in this multibagger Adani stock at the beginning of new year 2022, its Rs1 lakh would have turned to Rs1.21 lakh in YTD time. If an investor had invested Rs1 lakh in this multibagger stock one year ago, its Rs1 lakh would have turned to Rs1.40 lakh today. If an investor had invested Rs1 lakh in Adani Enterprises shares 5 years ago, its Rs1 lakh would have turned to Rs16 lakh today.

Likewise, if an investor had invested Rs1 lakh in this multibagger stock 10 years ago, its Rs1 lakh would have turned to Rs9.50 lakh today. Similarly, if an investor had invested Rs1 lakh in Adani Enterprises shares 20 years ago, its Rs1 lakh would have turned to Rs2.21 crore today.

Current market cap of Adani Enterprises shares is Rs2.45 lakh crore and its trade volume on Monday was around 17.64 lakh. Current book value per share of Adani Enterprises share is placed slightly above 228 levels. 52-week high of Adani Enterprises shares is Rs2,420.95 on NSE whereas its 52-week low is Rs1201.20 apiece levels.