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Sunday, 21 June 2020

Adani Green Energy -May be Next MRF stock in India



#Adani Green Energy Ltd Stock may  be most Expensive like MRF.
#Adani wins world’s largest solar project; to invest Rs 45,000 crore.

Adani Green Energy share has delivered strong returns 927% to investors in last one year.  An investment of Rs 1 lakh in Adani Green Energy stock on  June 21 in 2019 .... became Rs10 lakh on 19 June 2020. 
On 21 June 2019, Adani Green Energy share price closed at Rs 41.25 and became 420.65 on 19June 2020.... imply ⏫ 927% UP.

We know Adani Green Energy won a major tender to set up 8 Gigawatt (GW) of manufacturing-linked solar energy projects with an investment of Rs 45,000 crore (US$ 6.38 billion).
We know Adani Green Energy set a targets of 25GW of Renewable power by 2025,at an investment of RS 112000 crore ($15billion) in the next five year.
About MRF, We know MRF share generated multi fold returns for the investors over the years. If an investor had invested Rs 1 lakh in MRF shares 25 years ago,  worth became Rs 74.02 crore in April 30, 2018.

On April 27, 1993, the company's share closed at Rs 11 .....hit its lifetime high of Rs 81,423 on April 30, 2018....up ⏫740,000%.

I think Adani Green Energy has all the ingredients to become the next MRF and is moving fast towards achieving those levels.

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