Adani’s shares have given investors great returns in the last two to three years. Talking about this week, after hitting the market cap of Rs 1 lakh crore, the shares of Adani Power and Adani Wilmar have joined the list of 50 most valuable companies. In the list of 50 Most Valuable Companies, Adani Power has hit the 48th position with Rs 1.08 lakh crore and Adani Wilmar’s shares have hit the 50th spot with Rs 1.01 lakh crore.
On the other hand, if we look at the data of the last 15 days, the shares of Adani Power and Adani Wilmar have affected the market capitalization of Rs 1 lakh crore. Adani Wilmar is the new stock of Adani, which has reached the market of Rs 1 lakh crore. On the other hand, the shares of Adani Power have reached a capital of Rs 1 lakh crore only last week.
How much return did Adani Power give?
Shares of Adani Power are one of the multibagger stocks in 2022. According to a report in Mint, this share of Adani Group has risen from the level of Rs 101 to Rs 283 in a year. Adani Power’s share price has risen nearly 200 per cent in the last one year. Hence, there has been a tremendous jump in the share price of Adani Power. Its shares have gained more since the beginning of the new year 2022.
How much return in Adani Wilmar?
Adani Wilmar’s shares were listed on 8 February 2022. After which it has given about 190 percent return to its shareholders. However, if compared to its public issue price of Rs 218 to Rs 230 per equity share, it gives an increase of around 240 per cent from the upper price band. Adani Wilmar is also a multibagger IPO.
The big role of these two stocks
These two stocks have played a big role in increasing the net worth of Indian billionaire Adani. In 2022, Gautam Adani’s net worth increased by about $45.3 billion, helping him rank among the top 10 billionaires in the world in the Bloomberg Billionaires Index.