Adani Group seen as frontrunner for buying out Holcim stake in ACC and Ambuja Cements, say sources
Adani Total Gas, part of Adani Group companies involved in natural gas distribution, rose more than 120 per cent in a year compared to about 15 per cent upside seen in the Nifty50.
The stock hit a lifetime high earlier in April but the trend quickly went sideways as investors preferred to book profits after the sharp rally.
Adani Total Gas rose over 3 per cent in a week, while it jumped more than 20 per cent in a month, data from Trendlyne showed. In the last 3 years, it has rallied nearly 1,700 per cent.
The company is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) sectors, and Compressed Natural Gas (CNG) to the transport sector.
The stock picked up traction after the company highlighted in March that it forayed into the electric mobility segment by launching its first electric charging station in Ahmedabad.
The stock with a market capitalization of Rs 2.8 lakh crore hit a lifetime high of Rs 2,739 on April 12, 2022. It hit a low of about Rs 2,300 on April 19 before bouncing back.
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Technical charts suggest that the stock is showing signs of weakness at higher levels. One should tread with caution while someone who plans to put fresh money should wait for a breakout above Rs 2,670, suggest experts.
“The stock has outperformed the index by a huge margin. But looking at the technical chart, one should be cautious at higher levels as the stock is showing first signs of fatigue,” Jayesh Bhanushali, AVP – Research & Products, IIFL Securities, said.
After hitting an all-time high on April 12 and the subsequent fall the same day, the stock has faced resistance at Rs 2,570-2,600 levels and has reversed thrice on touching the same.
“If we connect the previous all-time high to the February 2022 lows, we would see that the stock has reversed exactly on touching the 2.618 Fibonacci retracements,” added Bhanushali.
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He further added that with MACD giving a bearish crossover and RSI becoming sideways, a fresh entry should only be done if the stock is able to give a close above Rs 2,670. For any existing positions, one should keep a stop loss at Rs 2,390 level.
Adani Group stocks defy pandemic blues to rally up to 3,000% in 2 years
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Adani Group stocks have emerged as the biggest wealth creators ever since the pandemic hit Dalal Street. In the last 25 months, all listed companies of Adani group have rewarded investors handsomely.
The steep and secular move in Adani Group stocks have led its Chairman Gautam Adani to become the fifth richest man on the planet, with a wealth of $125 billion, as reported by Bloomberg Billionaire Index.
Adani has added more than $48 billion of wealth to his portfolio this year so far. Let us take a look how Adani Group companies have performed ever since the Covid-19 pandemic wrecked havoc on the bourses.
Adani Group stocks have emerged as the biggest wealth creators ever since the pandemic hit Dalal Street. In the last 25 months, all listed companies of Adani group have rewarded investors handsomely...
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Adani Group's Gas distribution arm has emerged as the biggest wealth creator in the last 25 months. The stock price has rallied as much as 3,045 per cent to Rs 2,575 on April 27, 2022 from Rs 81.9 on March 24, 2020. An investment of Rs 10,000 in the company would have become Rs 3.15 lakh during the period under review.
Adani Total Gas is developing city gas distribution networks to supply the piped natural gas (PNG) to industrial, commercial and domestic sectors, and compressed natural gas (CNG) to the transport sector.
Adani Group's Gas distribution arm has emerged as the biggest wealth creator in the last 25 months. The stock price has rallied as much as 3,045 per cent to Rs 2,575 on April 27, 2022 from Rs 81.9 on..
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The renewable energy player Adani Green Energy recently became a part of the top-10 most valued Indian companies, thanks to nearly 2,000 per cent rise in its stock since the pandemic. The scrip rose to Rs 2,957.8 on Wednesday from Rs 141.25 on March 24, 2022, turning an investment of Rs 10,000 into Rs 2.1 lakh.
Ahmedabad-headquartered Adani Green Energy is developing a renewable portfolio of 25 GW by 2025 which includes wind power, solar power, and hybrid power projects. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.
The renewable energy player Adani Green Energy recently became a part of the top-10 most valued Indian companies, thanks to nearly 2,000 per cent rise in its stock since the pandemic. The scrip rose ..
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The flagship company of Adani Group has zoomed over 1,770 per cent in the last 25 months. Founded in 1988, the company was earlier known as Adani Exports, indulged in commodity trading business.
The stock price has jumped to Rs 2,420 from Rs 129.35 during the period under review, turning an investment of Rs 10,000 into Rs 1.87 lakh.
The flagship company of Adani Group has zoomed over 1,770 per cent in the last 25 months. Founded in 1988, the company was earlier known as Adani Exports, indulged in commodity trading business. The ..
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Adani Transmission is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India with more than 18,500 Ckm power transmission length and 38,600 MVAtransformation capacity.
The stock of Adani Transmission has rallied more than 1,425 per cent in the last 25 months. If you had invested Rs 10,000 in the company on March 24, 2022, it would have become Rs 1.53 lakh today.
Adani Transmission is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India with more t..
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Adani Power is the power and energy arm from the diversified Adani Group, with head office at Khodiyar in Ahmedabad, Gujarat. Adani Power has delivered a return of more than 970 per cent in the given time period, turning an investment of Rs 10,000 into Rs 1.07 lakh.
Adani Power has a power generation capacity of 12,450 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in Gujarat.
Adani Power is the power and energy arm from the diversified Adani Group, with head office at Khodiyar in Ahmedabad, Gujarat. Adani Power has delivered a return of more than 970 per cent in the given..
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This Adani group company is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. The scrip has returned about 300 per cent in the given period, making Rs 10,000 to Rs 39,800.
Its presence across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The ports are equipped to handle diverse cargo, from dry cargo, liquid cargo, crude to containers.
This Adani group company is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. The scrip has returned about 300 per cent in the give..
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The latest debutant from Adani Group, Adani Wilmar, has risen about 270 per cent over its issue price of Rs 230. It has turned an investment of Rs 10,000 into Rs 36,650 so far.
Adani Wilmar was incorporated in 1999 as a joint venture between Adani Group and the Wilmar Group. It offers edible oil, wheat flour, rice, pulses, and sugar, under the fortune brand.
The latest debutant from Adani Group, Adani Wilmar, has risen about 270 per cent over its issue price of Rs 230. It has turned an investment of Rs 10,000 into Rs 36,650 so far. Adani Wilmar was incor..
Stock market news: Adani Total Gas share price surges 12%
