Adani Power – Green signal from Bangladesh … This power stock of Adani ran, what happened? – Gautam Adani Firm Adani Power Stock Zooms AMID Stock Market Crash Know Its Bangladesh Connection Tutc
On Tuesday, on the second trading day of the week, both the index-Nifty of the Stock Market appeared, while the company of Billionaire Gautam Adani was seen running like a rocket. We are talking about Adani Power Stock, which suddenly jumped more than 4 percent shortly after the opening. There is also a Bangladesh connection behind this stock of Adani, let’s know about it?
Market Crash, yet ran Share of Adani
Business started with lethargy in the stock market on Tuesday and by 1 pm it turned into a big fall. Till the time the news was written, while BSE Sensex fell 772 points to 76,538 levels, while NSE NIFTY was trading 265 points and trading at the level of 23,116. But despite this major decline, the share of Gautam Adani’s company appeared to trade with a sharp speed. During the business, Adani Power Share jumped more than 4% to Rs 511.90.
What is Bangladesh connection of Adani Power?
This boom in the stock of Adani Power is actually seen after a report, which has a connection with Bangladesh. It said that Bangladesh has asked the Adani Group company to resume the supply from its 1,600 MW plant in India. According to the Reuters report, the supply was reduced to half due to low demand for electricity and payment dispute in winter.
Agreement during Sheikh Hasina’s tenure
Significantly, Gautam Adani had signed a 25 -year agreement with Bangladesh during the tenure of former Prime Minister Sheikh Hasina in the year 2017. Under this, Adani Power is supplying electricity from its $ 2 billion plant in Jharkhand and sells electricity to Bangladesh especially through two units of 800 MW capacity. On 31 October 2024 last year, Adani Group had reduced the power supply to half due to delay in payment from Bangladesh.
This shares proved to be a multibagger for investors
Due to the rise in the stock of Adani Power, the company’s market captivtion (Adani Power MCAP) also increased to Rs 1.92 lakh crore. Let us know that this stock of Gautam Adani has proved to be a multibagger stock for its investors in the last five years. The company’s stock was priced at just Rs 59 in February 14, 2020, with an increase of more than Rs 434 in this period. If we look at the return, then the share of Adani Power has given a multibagger return of 728.52 percent to the investors in 5 years.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)
