Adani Green energy, the largest renewable energy company in India, is one of the multibagger stocks that has increased the investments of its investors to many times. This stock has given 5680% returns in last five years thus becoming one of the best stocks for investment. The one rupee invested in this stock would have become Rs 5680. There are few stocks like this that makes stock market so attractive. But most difficult thing is to catch the stock like Adani Green energy at the right time. Today, we will discuss that does it is right to enter this stock at this level. In last one month this stock has given 12% returns and in last 6 months, it has given 86% return.
The problem with this stock is that it is in the high-risk category because it has come at expensive valuation and in simple words, we can say that it is overpriced. The Adani Green energy enjoys a high financial strength and stock trend is positive but high valuation is a negative sign which can trigger negative slide in this stock. The Adani group of companies have succeeded in securing good investments from the foreign investors which is contributing towards its growth.
It is quite risky to enter a stock at this level but if any person is ready to take risk then he can invest in this stock for 20% upside because positive trend forming in this stock. Company enjoys the largest portfolio of renewable energy in India which is around 9 GW. The company has set target of 45 GW new green energy generation by the 2030.
Present Price- 1973
Action- Keep away
Future Potential- 25% increase possible if can take high risk
Risk Level- High
Future potential – 2100 - 2300 (3 to 6 month time frame)
Stop Loss – 1900
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