The Indian Equity market has not been so kind to the investors in the year 2022. Though the market has recovered a little in the last month, still Nifty has given merely 1.88% returns since 1st Jan 2022 and is hovering near 17,957.40 points. On the other hand, BSE’s benchmark index Sensex is trading at 60,176.50 points and has given just 1.68% returns YTD.
Amid all these, Adani group stocks have been performing magnificently that made Gautam Adani recently join the $100 Billion club. 4 out of 7 Adani group listed stocks have given more than 40% since Jan 2022.
Here is the list of the top-performing Adani Group stocks in the year 2022 so far:
Adani Power Ltd (+130.11%)
Adani power limited has given a return o 130.11% in 2022. The stock was trading at Rs 101.3 at the start of the year and is currently hovering above Rs 233.1 per share, a return of 2.3x in this short time period. Adani Power recently hit the upper circuit as Rajasthan discoms pay Rs 3,000 crore.
Adani Green Energy Ltd (+62.74%)
Adani Green Energy Limited is an Indian renewable energy company owned by the Indian conglomerate Adani Group. Adani Green Energy shares have given a return o 62.74% in 2022 YTD. The stock was trading at Rs 1346.9 in Jan 2022 and is currently trading above Rs 2192 per share.
Adani Wilmar Ltd (+52.22%)
Adani Wilmar got listed on the Indian Stock Exchanges on 8th Feb this year, at an IPO price of Rs 230 per share with an issue size of Rs 3,600.00 Cr. Since listing on Indian exchanges on Feb 22, the Adani Wilmar Stock has given a return of over 52.22% and is currently trading at Rs 579.95 per share.
The other Adani Group Stocks and their 2022 YTD returns include Adani Total Gas Ltd (+42.22%), Adani Transmission Ltd (+39.22%), Adani Enterprises Ltd (+19.42%), Adani Ports and Special Economic Zone Ltd (+14.59%).
