Adani Group Share Price: After four days of moonlight, Adani Group will continue to boom or dark night will come! Know what experts say – adani group share prediction for next week know what experts say
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Meanwhile, Adani Group’s shares gained momentum due to two reasons. Earlier reports came that Adani Group got a loan of three billion dollars but the group denied it. Then on Thursday, American company GQG Partners bought shares worth Rs 15,446 crore in four Adani Group companies. It worked as a lifeline for the troubled Gautam Adani. This was the first major investment in Adani Group companies after the Hindenburg Research report. The market cap of Adani Group has increased by Rs 1.70 lakh crore in four days. From this, Rajiv Jain’s company GQG Partners has earned Rs 3,100 crore in two days.
How far can the stock go?
In the last four sessions, Adani Group’s flagship company Adani Enterprises has gained the most by 57.37 per cent. Its closing price on February 27 was Rs 1,194.20, which reached Rs 1,879.35 on Friday. Similarly, 21.77 percent in Adani Ports (APSEZ), 21.53 percent in Adani Wilmar, 21.53 percent in Adani Green Energy, 21.47 percent in Adani Power and NDTV (New Delhi Television) There was a rise of 21.47 percent. Ambuja Cements, ACC, Adani Transmission and Adani Total Gas gained 9 to 19 per cent.
Experts believe that the stock of Adani Enterprises can go up to Rs 2,000. Similarly, there is a lot of potential in Adani Ports. There is every expectation of a boom in trading in the country and the price of this stock can double in the next two years. Similarly, Adani Green Energy is also likely to gain momentum. The reason for this is that the whole world is shifting towards green energy and Adani Group is going to invest $75 billion on it. Adani Transmission’s stock is also available at better valuations. Similarly, bets can also be placed on Ambuja Cements.
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ICRA downgrades rating
Meanwhile, rating agency ICRA has downgraded the outlook on Adani Ports and Adani Total Gas to negative from stable. It says it will look at Adani Group’s ability to raise debt from domestic and global markets through equity or bonds at competitive rates. ICRA said that with a sharp fall in the share prices of group companies after the Hindenburg report, the yield of funds raised through bonds in the international market has increased. This has reduced the financial strength of the group. In view of this, the outlook has been amended. However, Adani Port’s position on debt remains strong.
Experts say that after the report of Hindenburg Research, investors overreacted to Adani Group companies. But Adani has not reached this point overnight. Taking debt or reducing equity is a way of growth in business. The group has not committed any default so far. SEBI or any such agency has not raised any apprehensions regarding corporate governance in the group. The Hindenburg report damaged the company’s image and forced it to make premature repayments to redeem its pledged shares. But the group will definitely make a comeback.
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