Adani Group: While Adani Power’s shares had seen a huge decline after the publication of the Hindenburg report, it has now shown a surprising performance to its investors. Rising from last year’s low of Rs 132.40, the stock has now given returns of more than four times. Currently its price has opened from Rs 546.50 to Rs 555.50, which is slightly lower than its 52 week high of Rs 589.45.
Performance Analysis
In the last six months, Adani Power has registered a spectacular growth of 58%. If we talk about it since the beginning of this year, then there has been a marginal gain of 5.42%, but in the last three months it has seen a significant jump of 42%. Over a period of five years, it has given a staggering return of 1284%, while in the last three years it has managed to give returns of over 890%.
Technical Trends
According to technical analysis, Adani Power is bullish from long term point of view, while it is considered bearish from short term point of view. Investors are advised to adopt a long term strategy if they are thinking of investing in this stock.
SWOT analysis
In SWOT analysis, Adani Power has a strength score of 14, while a weakness score is 9. Its Opportunity Score is 10 as its 30-day SMA is crossing the 200-day SMA and it is currently priced higher than the opening price. Its recovery from 52-week low and being close to 52-week high with good volumes indicates its strength. However, the only danger for it is its high market cap and low public holding.
