Due to the Corona crisis, all kinds of investment were dealt a blow, because all kinds of economic activities were halted. Especially in March, there was an outcry in the stock market. In March, the stock market had dropped below its high by around 35 per cent. But even during this crisis, one stock has made its investors rich.
Bumper Return from share market
Looking at Adani Green Energy’s stock, it has never looked back in the last one year. Be it the recession and the Corona crisis, this stock has touched new heights every day. In the last one year, Adani Green Energy has given more than 10 times returns.
Actually, in the last 8 months in the midst of Corona crisis, this stock has given about 900 per cent returns. In the last one year, on 17 March 2020, the stock hit a low of Rs 112.70. Since then, a one-sided rally was seen in Adani Green Energy shares. The stock touched a maximum of Rs 1220 on 24 November 2020.
Adani Green Energy has given tremendous returns in the last one year. If someone had invested Rs 1 lakh in the shares of Adani Green Energy on 17 March 2020, then that investment would have increased to over Rs 10 lakh on 24 November 2020.
Adani Green Energy’s market cap increased to Rs 1.72 lakh crore on 8 December due to the spectacular boom. Its value has increased nearly 40 times as compared to June 2018. Recently, Adani Green Energy Limited got a big contract.