Multibagger Adani shares gave 55% CAGR over 5 years. do you have | Rare Techy

Adani Power stock price history

Like some other Adani stocks, Adani Power’s share price has given a strong upside movement after the start of the new year 2022. However, it has a history of giving stellar returns to its shareholders. After rising to its 52-week high ₹344.50 on NSE in May 2022, this stock is in profit taking phase for last two weeks. During the YTD period, it has given the multibagger 155 per cent return to its shareholders while in the past one year, the stock of this multibagger has risen from ₹120 up ₹259.50 each level, logging about 115 per cent increase during this period. In the last two years, the stock of this multibagger Adani has been appreciated from all over ₹38 towards ₹259.50 level, clocking close to 580 percent on the horizon at this time.

Likewise, in the last four years, the stock of this multibagger has risen from ₹18.50 level to ₹259.50 level, logging about 1300 percent increase in this time horizon. Similarly, in the last 5 years, Adani Power’s share price has risen from ₹26.80 to ₹259.50 each level, logging around 870 percent and giving a CAGR of over 55 percent over 5 years.

Recently, Adani Power was in news for signing a share purchase agreement to acquire 100 percent equity stake of two companies, viz. Supporting Properties Private Limited (“SPPL”) and Eternus Real Estate Private Limited (“EREPL”) from their respective shareholders (collectively, “Selling SPPL Shareholders” and “Selling EREPL Shareholders”). Adani Power Ltd informed about the agreement in exchange communication, which is available on the official website of BSE.