The Adani Group has been on an exponential growth path, creating wealth for investors. The total m-cap of all businesses under the Adani Group umbrella surged at a humongous 74 percent in FY 2023-24. The m-cap has reached nearly ₹ 16 lakh crore, and the group has sound exposure to domestic equity markets. Here, we are talking about Adani Stocks Add Over Rs 74,500 Crore To Investors’ Wealth Led By Energy Arm.
Adani Power
The most impressive performer during this period was Adani Power which has risen by 179 percent in the last financial year. APSEZ (Adani Ports and Special Economic Zone) was second on the list registering an outstanding 112 percent increase in the share price. Its renewable energy arm – Adani Green Energy Ltd – has also risen by 108% as well.
Bullish on several Adani Group Businesses
There is optimism among analysts on several of the Adani Group companies particularly those in the infrastructure space. The projected growth is expected to be realized in the ports and cement businesses in FY25 due to the rising capex spending and a government focus on infrastructural projects. However, investors should be watching the developments in coal prices and trading activities since a part of Adani Enterprises’ revenue is derived from the trading of coal.
Technical Analysis
Adani Power rose to prominence after Reliance Industries (RIL), headed by Mukesh Ambani, bought a 26% stake in a Madhya Pradesh power project owned by Gautam Adani. Mahan Energen Ltd., an arm of Adani Power, signed a 20-year long-term PPA for 500 MW with RIL under the captive consumption policy. Interestingly, Adani Power’s stocks have also firmed up and almost touched their lifetime highs. The support is at ₹560 and remains bullish beyond ₹600 for a further up move in stock price.
Adani’s Infrastructure Projects
The Adani Group is currently involved in several infrastructure projects within different sectors. Adani Group looks forward to nation-building by constructing National Highways, expressways, Tunnels, Metro-Rail systems, and Railways. With this, they have successfully developed several railway lines in India and abroad; the longest private railway lines are approximately 300 km in India itself. These are private rail lines transporting their ports, mines, and other business centers to facilitate easy cargo movement.
They envisage that the capital expenditure of Adani Group in Tamil Nadu would exceed ₹42,700 crore. Adani Green Energy Ltd plans to invest an estimated ₹24,500 crore in three pump storage projects (PSPs) in the next 5-7 years. It will build a hyperscale data center for Adani Connex, which will cost ₹13,200 crore. Over the next five years, three cement grinding units of Ambuja Cements Limited will get an investment of ₹3,500 crore. Adani Green Energy thus commissioned the largest wind power project in India, which has a generation capacity of 250 MW in the Khavda region. The total installed capacity of the plants functional at Khavda is approximately 2250 MW.
Conclusion
The Adani Group stocks have remained high beta stocks that are good for long-term high-risk-seeking investments. As the conglomerate covers more ground in the future, stockholders will continue to gain more wealth in the forthcoming quarters. These projects are part of the Adani Group’s strategy to practice sustainable development and wealth creation across sectors.
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