Adani Green Energy Limited is also counted among the multibagger stocks of the Adani Group. Today again this stock is witnessing a great rise and in the last session the stock has jumped by about 8 percent. Brokerage firms are expecting more earnings from this stock.
Prices here in today’s trading
Adani Green Energy’s stock was trading at Rs 1,928 at 2:30 pm with a gain of more than 7.80 percent. Earlier in the day’s trading, the stock had also touched a peak of Rs 1,929.50. With this, this Adani stock also managed to enter the club of Rs 3 lakh crore market cap. Currently, the company’s market cap has increased to Rs 3.05 lakh crore.
Gave 36 hundred percent return in 5 years
This Adani share has given multibagger returns to its investors. Since the beginning of this year, the price of this share has risen by about 21 percent. In the last one year, the share has gone up by about 92 percent. That is, the share is on the verge of becoming a multibagger even on a yearly basis. The return of this share is more than 36 hundred percent in 5 years.
The price is expected to rise this much from the current level
Brokerage firm MK Global has rerated this stock on Monday. The brokerage has maintained a buy rating for this Adani stock. The brokerage has cited the reason for this as the recent order of 5 GW solar power received by the company. MK Global has advised to buy the stock of Adani Green Energy and has given it a target of Rs 2,550. If its estimate proves correct, then the stock of Adani Green Energy can give investors 32 percent profit from the current level.
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Also read: After the airport, Adani will also do electricity business in Kenya, got this huge project
