Top reasons why multibagger Adani Enterprises should be on your watchlist!
Adani Enterprises has proven to be a multi-bagger with its share price jumping from Rs 129 per share in April 2020 to Rs 2,364 per share currently.
The shares of Adani Enterprises closed higher by more than 3 per cent on Monday even as the overall markets showed weakness. The shares of Adani Group showed momentum on July 11 thereby, outperforming the markets even as the shares of Adani Enterprises inched closer to its all-time high level of Rs 2,420 per share. Analysts expect decent revenue as well as net profit growth for Adani Enterprises, owing to its various strategic advantages.
- Adani Airports has clear revenue visibility for the coming decades and is seen as a key growth driver for the company.
- The company’s foray into the green hydrogen space is the next big growth trigger for the company. This foray is also expected to put the group on the global landscape.
- Defence sector initiatives by Adani Enterprises vertical to manufacture UAVs, drones & aircraft parts as well as small arms can provide significant upside potential in coming years.
The company is known for its capital adequacy (strength) and astute cash flow management. On July 14, the company will turn ex-dividend.
The shares of Adani Enterprises saw a price volume breakout on July 11. Adani Enterprises has proven to be a multibagger with its share price jumping from Rs 129 per share in April 2020 to Rs 2,364 per share currently; thus, reflecting gains of approximately 1,747 per cent in just over two-year and three-month time periods.
Long-term investors should keep Adani Enterprises on their watchlist for the coming trading sessions.