After the downturn in the stock market, today there is a bullish atmosphere again. Nifty opened at the level of 16200 and remained at 16217 during the trading till 12:25. In the boom of the market, the shares of Adani Group are also making investors rich. Today, two shares of Adani Group touched 52-week high. These shares are Adani Transmission and Adani Enterprises.
Adani Transmission: Adani Transmission has been consistently giving strong returns to investors in the downturn of the market. In the last one month, the stock has given a return of 43.96 percent and the share price has increased from Rs 2062 to Rs 2967. Talking about the returns so far this year, the stock has given a return of 71.34 per cent to the investors.
The stock has given returns of 206 per cent to investors in the last one year. During this, the share price has increased from Rs 968 to Rs 2969. At the same time, in the last five trading sessions, the stock has given a return of 8.15 percent to the investors.
Adani Enterprises: Shares of Adani Enterprises, the flagship company of Adani Group, is also trading at a 52-week high of 2426. The stock has given returns of 75.93 per cent to investors in the last one year. During this, the share price has increased from Rs 1365 to Rs 2422 per share. Since this year till now, the share price has increased from Rs 1711 to Rs 2422 and during this time the stock has given a return of 41 per cent to the investors. At the same time, the stock has given a return of 16.78 percent to investors in the last one month and 2.11 percent in the last five trading sessions.
The major reason for the rise in the shares of Adani Group is being considered to be the aggressive business strategy being adopted by the group companies. Adani Group chief Gautam Adani’s wealth has also seen a jump due to the rise in shares. According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has increased by $32.7 billion this year and he is the fifth richest person in the world with a net worth of $109 billion.