Adani Stocks - Back on an Upward Journey?

By Research Desk
about 3 years ago

Q1 FY 22 numbers of all 6 listed companies of Adani Group are out, with all 6 showing good rebound in its margins seen, aided by growth seen in topline. Infact, 2 companies have impressed more viz. Adani Enterprises and Adani Ports, while both stocks are seen on buying mode of Funds and FIIs now, as well.

We have been selectively giving buy call on these Twins, for reasons given in our buy calls, being given to our members. IPO of Adani Wilmar, a 50:50 JV of Adani Enterprises, will hit the capital market, with its IPO of Rs. 4,500 crores, will be 7th listed company of Adani Group.  Informed circles are expecting double digit listed stocks of Adani group in the next 18-24 months, with next in line being Adani Airports.

This will definitely see Group seen getting re-rated, with revival of buying interest.

But few Business Channel, Corporate Rivalry, and few Experts, having their allegiance to both of them, will keep flashing negatives on Adani Group, as seen by them having done with UPL and CG Power, without even referring to ADAG & Idea Vodafone wealth destruction, once in recent times.  

You always have negative forces seen existing in every walk of life.
A Fisherman knows it better, who covers his catch with cloth or plastic in his basket, of Fishes and not of Crabs.  

This is not a Buy or Sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.

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