Hey All,
Adani Stocks are making a come back and looks like the Adani Vs Hindenburg Saga is coming to an end now. In February, 2023 we saw almost all the Adani Group stocks crash almost to 80% - check my previous post around it here - Adani Group Stocks Continue To CRASH. I took this opportunity to invest in the Adani stocks and had picked up stocks like Adani Enterprises and Adani Wilmar. The overall investment into these stocks would have been above $1K+ dollars. Many financial analyst were suggesting to stay away from these stocks and were predicting that they could further crash to 90% or is a game over for all the stocks associated to Adani Group.
Recovery In Adani Shares - Why?
And here we are now that we are seeing recovery to these large cap stocks of Adani Group. As you can see from the above image all the stocks are now moving towards a price that is more justified and stable based on the companies valuation. We have seen news where the Adani Group announced that they have cleared Rs 7,374-cr (more than $900 million) share-backed loan, and are vowing to go debt-free this month end. This has brought all the positive sentiment back in the markets and investors coming forward to buying the stocks tied to Adani Group. And hence all these stocks of Adani Group are either in the upper circuit like Adani Wilmar - ticker:: AWL or are trading in green from the last couple of trading sessions. Hence because of this news of repayment we have witnessed a strong recovery rally over the past few trading sessions for entire Adani Group Stocks.
My Stock Portfolio Surge with Adani Stocks...
Ok, now coming my part of stock portfolio associated to Adani Stocks. As you can see from the above image, I invested in Adani Enterprises percentage allocation being 7.5% of my portfolio and Adani Wilmar percentage allocation 28%. At the moment if I sell both of these shares, I would be making a profit of around Rs. 50K which is like close to $600. Had I not taken the risk, I would have not seen this profit. A person need to take a call as to when he should make an entry to buying a stock or as matter of fact a Crypto coin. There is always is risk and if you are willing to take risk then you are also assuring a profit for yourself in near future.. There is this famous saying in economics::
Higher the Risk; Higher is the profit
Either you take it or loose it; choice is absolutely yours...
Have Your Say on Adani Stocks Recovery?
Did you know about all this Adani and Hindenburg Saga? Will Adani Group of stocks able to come back strong? I mean make stocks making their all time highs? Did you invest in of these Adani Group Stocks? If Yes, then what was your pick? Would love to hear your thoughts around it in the comment box below?...Cheers
Sensex - Recovery In Adani Shares - Why?
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Image Credits:: sharekhan,
Best Regards