This Promotion of Adani Group Turned into a Multi-Bagger Product Within a Year.
The company reported solid earnings for the quarter ending March 2021. It said a combined profit of Rs 257 crore in Q4 compared to a profit of Rs 59 crore in the previous quarter.
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The Adani Transmission allocation increased by 5 percent for 52 weeks and closed by 5 percent in the high region of Rs 1,455.20 today.
The company has now exceeded Adani Ports to grace the second most important company of Adani Group.
Adani Transferal market snow rose to Rs 1,59,939.88 crore on BSE.
As per the data, Adani Green Energy is the most crucial group company with a market head of Rs 2,03,392.24 crore.
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The Adani Group business transfer and distribution share have generated more than 700 percent profits for shareholders over the past 12 months. The allocation stood at Rs 178.6 on May 20, 2020. Round to Rs 1,455.20 today, which translates to a gain of 714 percent during this period.
By comparison, Sensex clocked a 63 percent return this time.
The stock ended 4.93 percent higher at Rs 1,454.25 than the previous close of Rs 1,385.95 on BSE, which only buyers saw over the counter. It has received 232 percent since the beginning of this year. Adani Transmission assignment is over five days, ten days, 20 days, 50 days, 100 days, and 200-day moving averages.
The company reported solid earnings for the quarter ending March 2021. It said a combined profit of Rs 257 crore in Q4 compared to a profit of Rs 59 crore in the previous quarter. Operating revenue increased by 3 percent to Rs 2,276 crore in the last quarter compared to Rs 2,220 crore last year.
The goods of WKTL will bolster ATL’s pan-India presence. In addition, this asset will increase ATL’s size and scale and take ATL closer to its target of 20 000 ckt km of transmission lines by India. -2022, “said Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd.
Meanwhile, CLSA has stopped covering up with Adani Transmission. It previously had a sale price and a projected value of Rs 146. However, the House of Traders noted that the stock is driven by speculative interest and an actual ‘active’ deficit, which keeps the weight estimated by 16 times stratospheric in the sector.
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Recently, the company signed direct agreements with Essel Infraprojects Limited (EIL) to acquire Warora-Kurnool Transmission Ltd. According to the agreement, WKTL will develop, operate and maintain transmission lines aggregating 1,750 ckt km. In addition, two crucial, 765 kV international power lines connect Warora and Warangal and Chilakaluripeta and Kurnool via Hyderabad, and a new 765/400 kV substation in Warangal, which will be made built and handle as part of the agreement.
ATL has a collection of 17,200 km of the circular transmission network, of which ~ 12,350 ckt km are operational, and 4,850 km are in various stages of construction
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