Rs 40,000 Profit in a single day: This Adani Group stock has generated exceptional wealth on an investment of just Rs 48,000!

The shares of the company have delivered a return of over 115 per cent to its shareholders in just 1 year.

Rs 40,000 profit from an investment of Rs 48,000? Kidding, right? No, we are not. Just read the complete report to get the proper details on how this Adani Group stock made a stellar profit in the first hour of today’s trading session.

Adani Ports & Special Economic Zone a Large-Cap company is involved in the development, operation, and maintenance of port infrastructure, including port services and related infrastructure development. It also manages a multi-product Special Economic Zone (SEZ) and related infrastructure adjacent to the port at Mundra.

At the start of the day's trading session, the stock opened at Rs 1575 per share, compared to the previous day's closing figure of Rs 1437.10 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1581.45 per share on the BSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. 

Also read Dark Horse Stock of the Day: This micro-cap company rallies 10 per cent and hit upper circuit today with heavy volumes!

The current market capitalisation of Adani Ports & Special Economic Zone stands at Rs 3,41,615.17 crore, and the stock has generated an impressive multibagger return of around 115 per cent in the past year. 

Stock Price Chart (Daily)

Moreover, the call option of Rs 1400 strike price has skyrocketed by around 72.60 per cent, rising from Rs 120 per lot to today’s high price of Rs 220 per lot as of now writing the article, representing a gain of Rs 98. With a lot size of 400 units, the total profit comes out to be Rs 40,000 in a single day. 

If someone had purchased the same strike call option of Rs 1400, he would have spent around Rs 48,000. From this invested amount, an investor who bought the option on Friday would have generated an impressive return of over 83 per cent.

Financial Performance

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 6896 crore compared to a revenue of Rs 5797 crore. The company’s operating profit reached Rs 3995 crore compared to a profit of Rs 3271 crore in Q4 FY23. The operating margin stood at 3995 per cent. The net profit of the company was Rs 2015 crore in Q4 FY24 compared to a net profit of Rs 1139 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 26711 crore, compared to Rs 20852 crore in FY23. The company reported an operating profit of Rs 15589 crore. The company’s profit was Rs 8104 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 65.89 per cent while the FIIs and DIIs hold 14.98 per cent and 11.84 per cent and the remaining 7.30 per cent is held by the public or retail investors.

Investors must keep this multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.