Multibagger Adani stock gives 183 percent CAGR over 4 years. Rs1 lakh turns Rs64 lakh

30 Jun , 2022 By : Kanchan Joshi

Multibagger stock: Adani Green Energy shares are one of the multibagger stocks that Indian stock market has produced in last one year. This has become possible despite global economy reeling under the heat of Covid-19 pandemic. After closing at Rs882 levels on 30th July 2021, this multibagger Adani group stock closed at Rs1899 per share levels on 29th June 2022, giving more than 100 per cent return to its shareholders.

However, this is not the first time when this Adani group stock has delivered stellar return to its shareholders. This stock has a history of giving whopping return to its investors. In last four years, Adani Green share price has appreciated from Rs29.45 apiece levels to Rs1899 mark, delivering 6,350 per cent return to its investors.

Adani Green share price history

In last one month, Adani Green share price has remained sideways adding more than half per cent whereas in YTD time, this multibagger stock has surged from around Rs1345 to Rs1899 apiece levels, logging around 40 per cent jump in 2022. In last six months, this stock has risen from Rs1330 to Rs1899, recording near 43 per cent rise in this time horizon. In last one year, this Adani stock has surged from Rs1125 to Rs1899 levels, clocking 70 per cent rise in this time. In last two years, Adani Green share price has ascended from around Rs1165 to Rs1899 levels, giving CAGR (compound average growth rate) of near 27.65 per cent over this period.

Likewise, in last three years, Adani Green share price has ascended from around Rs400 to Rs1899 levels, logging around 375 per cent rise by giving near 68 per cent CAGR over this time. Similarly, in last four years, this multibagger stock has shot up from Rs29.45 apiece levels to Rs1899 levels, recording around 6350 per cent rise by giving around 183 per cent CAGR over this four year time.

Impact on investment

If an investor had invested Rs1 lakh in this stock one year ago, its Rs1 lakh would have turned to Rs1.70 lakh today whereas this Rs1lakh would have turned to Rs1.65 lakh today. Likewise, if an investor had invested Rs1 lakh in this multibagger stock three years ago, its Rs1 lakh would have turned to Rs4.75 lakh today. similarly, in last four years, one's Rs1 lakh would have turned to more than Rs64 lakh today.