Multibagger Adani Power Share Gives 55% CAGR Over 5 Years. Do You Own This Stock?

Multibagger stock: Despite the fact that the Indian stock market is experiencing a sell-off, Adani Power shares have offered a phenomenal return to its stockholders. Adani Power shares are, in reality, one of the high-quality multibagger stocks that the Indian stock market will deliver in 2022.

In the previous five years, Adani Power’s share price has risen from ₹26.80 per share to ₹259.50 per share, reflecting an 870 percent increase or CAGR (compound annual growth rate) of over 55 percent.

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Adani Power Share Price History

Adani Power’s stock price has risen sharply since the start of the year 2022, similar to that of other Adani equities. It has, nevertheless, a track record of providing outstanding returns to its stockholders. This company has been in profit-taking mode for the past two weeks after reaching a 52-week high of ₹344.50 on the NSE in May 2022.

It has offered multibagger 155 percent return to its owners YTD, whilst this multibagger stock has climbed from ₹120 to ₹259.50 apiece levels in the previous year, posting a 115 percent increase. This multibagger Adani stock has risen from roughly ₹38 to ₹259.50 in the previous two years, hitting near 580 percent in that time frame.

Similarly, in the previous four years, this multibagger stock has risen from ₹18.50 to ₹259.50, representing a 1300 percent increase in that time frame. Similarly, Adani Power’s share price has risen from ₹26.80 to ₹259.50 per share in the previous five years, a gain of nearly 870 percent and a CAGR of more than 55 percent.

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Adani Power was recently in the news for signing a share purchase agreement with two companies, Support Properties Private Limited (“SPPL”) and Eternus Real Estate Private Limited (“EREPL”), to acquire 100 percent equity shares from their respective shareholders (severally, “Selling Shareholders of SPPL” and “Selling Shareholders of EREPL”). The agreement was announced via an exchange message, which may be found on the official BSE website.

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