According to the quarterly results (Q4FY24) and annual results (FY24), the company posted amazing numbers.

About 1,764 shares have advanced, 1,602 declined and 133 are unchanged. 

The important point is the fact after Adani Enterprises’ inclusion in the Nifty50 index, it forced exchange-traded funds (ETFs) and index funds- on which rides a lot of pension money to buy the stock that traded at an astronomically high P/E multiple.

It surged 289 per cent year-to-date and delivered fantastic returns of 23 per cent in the last 5 sessions!  

The stock has jumped 119 per cent in the last one year as a result the stock has turned multi-bagger.

Gautam Adani surpasses Bill Gates to become the 4^th richest person in the world 

It seems that the month of February belongs to Adani! Just a week ago, it was Gautam Adani, who was in the news for surpassing Mukesh Ambani as Asia’s richest person.

The success of Adani Group Chairman is not hidden from anyone and certainly, it is one of those stories that need to be written in golden words in the history of India. Now comes the most important question, what about the shareholders of Adani Enterprises? What would be their wealth if they continue to hold the stock of Adani Enterprises?