Multibagger Adani stock rises 1600 percent in 4 years. Rs1 lakh turns to Rs17 lakh

29 Jun , 2022 By : Kanchan Joshi

Adani Power shares are one of the multibagger stocks in 2022 that Indian stock market has produced despite global economy reeling under the pressure of inflation and gloomy economy outlook. In YTD time, Adani Power share price has surged from around Rs101 to Rs270 apiece levels on NSE, recording around 165 per cent rise in 2022. However, this multibagger Adani stock has a history of delivering staggering return to its shareholders. In last four years, this Adani group stock has ascended from around Rs16 to Rs270, delivering around 1600 per cent return to its shareholders.

Adani Power share price history

This multibagger stock has been under consolidation phase after ushering in June 2022. In last one month, Adani Power share price has descended from around Rs340 to Rs270 apiece levels, logging around 20 per cent dip in this period. In YTD time, this Adani group stock has ascended around 165 per cent whereas in last six months, this multibagger Adani stock has appreciated from around Rs100 to Rs270, delivering near 170 per cent return to its shareholders.

Likewise, in last one year, Adani Power share price has ascended from near Rs108 to Rs270, delivering 135 per cent rise in its shareholders' holdings. Similarly, in last four years, this multibagger stock has shot up from around Rs16 to Rs270, logging around 1600 per cent rise in this period.

Impact on investment

Taking cue from Adani Power share price history, of an investor had invested Rs1 lakh in this Adani group stock one month ago, its Rs1 lakh would have turned to Rs80,000 whereas in YTD time, it would have turned to Rs2.65 lakh today. If an investor had invested Rs1 lakh in this Adani stock six months ago, its Rs1 lakh would have turned to Rs2.70 lakh today.

Likewise, if an investor had invested Rs1 lakh in this multibagger Adani stock one year ago, its Rs1 lakh would have turned to Rs2.35 lakh today. Similarly, if an investor had invested rs1 lakh in this stock four years ago, its Rs1 lakh would have become Rs17 lakh today.

On Tuesday, Adani Power shares ended with a market capital of Rs1.04 lakh crore and its trade volume on Tuesday was 70,19,512. This multibagger Adani stock is standing at current PE multiple of 21.23 whereas sectoral PE is little over 12.