Adani Power

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


Multibagger Stock: Although the Indian stock market is reeling in the heat of the sell-off, Adani Power shares have delivered staggering returns to its shareholders. In fact, Adani Power stock is one of the quality multibagger stocks that the Indian stock market has produced in 2022. In the last 5 years, the Adani Power stock price has risen from 26.80 each level to 259.50 level, giving 870 percent or CAGR (compound average growth rate) of more than 55 percent in this time horizon.

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.

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