Adani Group Share Price: Adani Group’s shares will continue to rise! Know what experts say
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Adani Group Share Price: After the Hindenburg report, the shares of Adani Group had registered a sharp decline in the past. However, now the shares of the group are seen to be recovering once again. Along with this, the market capitalization of group companies has also increased. Let us tell that there was a huge decline in market capitalization after the Hindenburg report. At the same time, now the stock of Adani Enterprises has made a huge jump in the last four days.
GQG invests in 4 companies of Adani Group
In the last four trading sessions, an increase of Rs 1.73 lakh crore has been registered in the market capitalization of the listed ten companies of Adani Group. According to information, American boutique investment firm GQG has invested Rs 15,446 crore in four Adani Group companies. After this the shares have gained momentum. This was the first investment in the Adani Group after the Hindenburg report on January 24, 2023. It is being told that the market capitalization of Adani group companies as on February 27, 2023 was Rs 6.82 lakh crore. And on March 3, it increased to Rs 8.55 lakh crore. However, it is still much less than the market capitalization of Rs 19.20 lakh crore of Adani Group companies.
Shares of Adani Group made a huge jump
The shares of Adani Enterprises Limited have seen the biggest jump in the last four sessions. On February 27, the stock closed at Rs 1,879.35, up 57.37 per cent. Along with this, 21.77 percent increase has been registered in Adani Ports and Special Economic Zone, 21.53 percent in Adani Wilmar, 21.53 percent in Adani Green Energy, 21.47 percent in Adani Power and 21.47 percent in NDTV. At the same time, Ambuja Cements, ACC, Adani Transmission and Adani Total Gas also gained between 9 per cent and 19 per cent during the same period.
Know what is the opinion of the expert
According to Aaj Tak report, sharing his views on Adani shares, Abhishek Agarwal, Managing Partner, Rockstud Capital said, “I think there has been an overreaction in the shares of Adani group companies after the Hindenburg report.” He said that Gautam Adani has not got success overnight. Certainly the Hindenburg Report caused massive damage to the group’s stocks and bonds. He further said that the rise in the shares will definitely be seen. The upheaval that is being seen now is temporary. At the same time, Vineet Bolinjkar, head of research at Ventura Securities, said in a conversation with Aaj Tak that Adani Enterprises is currently at a reasonable valuation. Looking at the cash flow from the current business, this stock can reach up to Rs 2000. Whereas, Adani Ports is undervalued. The price of this stock can double in the next two years.
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