Asia’s largest billionaire Gautam Adani-led Adani Group companies Adani Wilmar (AWL), Adani Green, Adani Power, Adani Total Gas (ATGL), Adani Enterprises (Adani Ent), Adani Transmission Shares of Adani Transmission and Adani Ports have registered a fall of 34 percent from their all-time high.
The recently listed Adani Wilmar registered a decline of 33.60 per cent from its all-time high of Rs 878.35 on April 28, 2022. On the other hand, the benchmark BSE Sensex fell 12.66 per cent to 54,364.85 on May 10, 2022. Against its lifetime high of 62,245.43, which hit on October 19, 2021.
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Market analysts are advising investors to ignore valuations before buying shares in Adani Group. Shares of other conglomerates including Adani Green Energy, Adani Transmission, Adani Ports and Special Economic Zone, Adani Total Gas, Adani Power and Adani Enterprises also fell from their all-time highs till May 10, 2022, down 12 per cent to 19 per cent. Is.
Despite the recent market downturn, majority of the Adani Group shares are overvalued and it is difficult to gauge the fundamentals and quality of the group companies. Nevertheless, experts feel that Adani Ports and Special Economic Zone is a fundamentally sound company with a fair valuation as compared to other group companies.
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At the same time, Adani Wilmar, which is the largest branded edible oil and packaged food business in India. The company’s products are in high demand and it is poised to increase its earnings in the medium term due to geopolitical factors. If you are in the category of investors with medium to high risk, then you can invest in the shares of Adani Group.
Of late, Adani Wilmar reported a 25.6 per cent year-on-year decline in its consolidated net profit at Rs 234.3 crore for the quarter ended March 31, 2022. It had reported a profit of Rs 315 crore in the year-ago period.