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Top Adani Energy Stocks To Buy With Bearish Market, Given Upto 168% Soaring Return In 1 Year
Energy stocks have always been lucrative for investors, especially green energy stocks are attracting much popularity. The Indian government is also focusing on the green energy field. So, Adani energy stocks are finding scopes to emerge sharply. However, this week, Adani stocks' share prices are being bearish as the MSCI India Index has not been very positive about the company, but rather booted out from the index. But, analyzing the previous returns and their potential, these large-cap stocks can be considered for investment.
Adani Green Energy
Adani Green Energy is a large cap Nifty stock with a market capitalization of Rs. 293,981 crore. The company's revenue stood at Rs. 51.33b, earnings stood at Rs. 4.89b, gross profits stood at 38.5b, in the quarter ended on March 31, 2022. Adani Green Energy's last traded stock price was recorded at Rs. 1,847 on NSE, falling marginally by 4.09% till June 3. The stock's 52 week high range is Rs. 3,050, and its 52 week low range is Rs. 874.80. The company has recorded a 45.3% return in the past 1 year.
Adani Green Energy Limited (AGEL), incorporated in 2015, is one of the largest renewable companies in India, with a current project portfolio of 20,284 MW. The electricity generated is supplied to central and state government entities and government-backed corporations. On the back of long-term Power Purchase Agreements (PPAs) of 25 years with central and state government entities, AGEL has leveraged its capabilities and expanded its presence across 12 Indian states. The Company deploys the latest technologies in its projects. With a portfolio of 54 operational projects and 12 projects under construction, AGEL is one of the biggest players in India on its renewable energy front.
Adani Total Gas
Adani Total Gas is a large cap Nifty stock with a market capitalization of Rs. 262,904 crore. The company's revenue stood at Rs. 30.38b, earnings stood at Rs. 5.09b, gross profits stood at 11.1b, in the quarter ended on March 31, 2022. Adani Total Gas' last traded stock price was recorded at Rs. 2,396 on NSE, falling marginally by 2.04% till June 3. The stock's 52 week high range is Rs. 2,740, and its 52 week low range is Rs. 774.95. The company has recorded a 46% return in the past 1 year.
Adani Total Gas, founded in 2004, is developing City Gas Distribution (CGD) networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential), and Compressed Natural Gas (CNG) to the transport sector. The company has set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to a consortium of Adani Total Gas Ltd and Indian Oil Corporation Ltd. As of March 31, 2021, the company had 217 CNG filling stations, according to a report.
Adani Power
Adani Power is a large cap Nifty stock with a market capitalization of Rs. 109,575 crore. The company's revenue stood at Rs. 277.11b, earnings stood at Rs. 49.12b, gross profits stood at 117.6b, in the quarter ended on March 31, 2022. Adani Power's last traded stock price was recorded at Rs. 284.60 on NSE, falling marginally by 3.64% till June 3. The stock's 52 week high range is Rs. 344.50, and its 52 week low range is Rs. 70.35. The company has recorded a 168.70% return in the past 1 year.
Adani Power Limited (APL), founded in 1988, is a part of the diversified Adani Group and is the largest private thermal power producer in India. They have a power generation capacity of 12,450 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in Gujarat. They are the world's first company to set up a coal-based Supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto protocol. "The company has various power projects with a combined installed and commissioned capacity of 12,450 MW, including 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 40 MW at Bitta, Gujarat; and 1,600 MW at Godda, Jharkhand, as well as 1,200 MW at Udupi, Karnataka; 1,370 MW at Raipur, Chhattisgarh; and 600 MW at Raigarh, Chhattisgarh," according to report.
| Stock | 1 year recorded return |
|---|---|
| Adani Green Energy | 45.30% |
| Adani Total Gas | 46.00% |
| Adani Power Limited (APL) | 168.70% |
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. The author is not holding a portfolio in any of the above-mentioned stocks.
