2 Adani Stocks Gain Upto 44% In 1 Month, 207% In 1 Yr: See Reason Behind Sharp Rise

Two Adani Stocks, namely Adani Transmission Ltd. and Adani Enterprises Ltd. have performed significantly steep in the past month. At the same time, the Nifty 50 has gained by 5.59%, but the Adani stocks have given much higher returns to the shareholders. Accumulating the data from NSE in the past year also shows that the Adani stocks were among the higher performers in the peer group, amid a flat equity market. Being able to tie up with more government projects and smart business management, the companies have surged highly. Here, these two stocks' performances have been discussed, those have reached fresh 52-week highs today.

Adani Transmission Ltd.

The current market price of Adani Transmission Ltd. stood at Rs. 2,971.90 /share on NSE, gaining by 2.86%, till last traded on July 18. In the last 5 days, the share price of this company has gained by 8.36% on NSE, and in the last 1 month, its share price has surged by 44.25%. Additionally, in the last 1 year its stock price gained by 207%. The 52-week high level of this stock is Rs. 3,020.00, and the 52-week low level of this stock is Rs. 871. Adani Transmission Ltd. is a large-cap company that has a market capitalization of 331,647 crore.

Adani Enterprises Ltd

The current market price of Adani Transmission Ltd. stood at Rs. 2,423/share on NSE, gaining by 0.74%, till last traded on July 18. In the last 5 days, the share price of this company has gained by 1.86% on NSE, and in the last 1 month, its share price has surged by 16.50%. Additionally, in the last 1 year its stock price gained by 75.50%. The 52-week high level of this stock is Rs. 2,441.85, and the 52-week low level of this stock is Rs. 1,332.75. Adani Transmission Ltd. is a large-cap company that has a market capitalization of 286,574 crore.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.