Multibagger Stock: Amid highly volatile stock market today, Adani Power share price influenced the upper circuit in Monday morning trades. After hitting the lower circuit in the last three sessions, the Adani Group stock hit the upper circuit today. Adani Power share price had a gap up opening today 285 per share on NSE and it went to intraday high 298.30 per share level.
The stock of Adani Group has been going through a phase of strength for the past one month. In the last one month, adani power share price has jumped from from 292 Entry close to the 298 level, an appreciation of 2 per cent in the period. However, the stock has given multibagger returns to its shareholders in YTD timing. In 2022, the share price of Adani Power has risen by from 101 The 298 level provides a return of approximately 195 percent to its shareholders in the current year. However, in the last one year this share of Adani Group has given a return of 135 per cent whereas in the last 5 years this multibagger stock has given a return of 1000 per cent to its investors and shareholders.
impact on investment
Taking cues from the share price history of Adani Power, if an investor had invested 1 lakh in this stock a month ago, its would have turned into 1 lakh 1.02 lakh today. If an investor had invested 1 lakh in this stock at the beginning of the new year, its would have turned into 1 lakh 2.95 lakh today. If an investor had invested 1 lakh in this multibagger stock a year ago, its would have turned into 1 lakh 2.35 lakh today. Similarly, if an investor had invested 1 lakh in this stock 5 years ago, its would have turned into 1 lakh 11 lakhs today provided the investor has been invested in the stock for the entire period mentioned in the various blocks of investment.
In mid-April 2022, the share price of Adani Power influenced the market valuation of 1 lakh crore and since then it has managed to maintain above Market cap of 1 lakh crores. The current market cap of Adani Power stock is close to 1.15 lakh crores and its current business volume is around 12.50 lakhs. It has a 52 week high 344.50 while its 52-week low is . Is 70.35 per.