Despite the uncertainty created by the Russia-Ukraine conflict and rising global inflation, the Indian stock market provided about 90 multi-bagger stocks in Q4FY22 and more than 190 multi-bagger stocks in FY22. Some high-quality equities, on the other hand, have stayed profitable for their shareholders for a long time. One of them is Adani Transmission’s stock.
Adani Transmission’s share price has climbed 7700 percent in the last six years, from around 35 to 2701 per share. In the last year, the stock has risen from 990 to 2701, representing a 175 percent increase.
Adani Transmission Limited founded by Gautam Adani is an electric power transmission firm based in Ahmedabad, India. It is currently one of the largest private-sector electricity transmission firms in India. The company has a total network of 12,200 circuit kilometers and more than 3,200 circuit kilometers as of July 2020.
The business inked official agreements with Kalpataru Power Transmission (KPTL) in July 2020 to acquire Alipurduar Transmission, which will add 650 circuit kilometers to the company’s network from Bihar and West Bengal.
Analysts researching Adani Transmission have noted that a one-lakh investment in this Adani group company one month ago would have turned into 1.17,000 now, whereas it would have turned into 1.56,000 in YTD time. If an investor had put one lakh in this multi-bagger stock six months ago, it would now be worth 1.54 lakh.
However, if an investor had put Rs. 1 lakh in this Adani stock a year ago, his or her money would now be worth Rs. 2.75 lakh. Similarly, a one-lakh investment in this stock five years ago would have grown to 31.75 lakh today if the investor had stayed engaged in the scrip throughout that time.
Similarly, an individual who put one lakh in this multi-bagger stock six years ago at 34.70 levels would have made a profit of 78 lakh now.
