Multibagger Adani stocks at astronomically-high PE of up to 790x! Still a buy?
Out of the seven Adani Group stocks listed on the stock exchanges, 5 have given a gravity-defying return of at least 100 per cent so far in the calendar year 2022, propelling the rise of Gautam Adani into the list of top 3 billionaires in the world.
On a year-to-date basis, Adani Power NSE 0.25 % is top gainer in the billionaire’s family by generating an astounding return of nearly 300 per cent. The list is followed by Adani Wilmar NSE 3.02 %, Adani Transmission NSE -0.25 %, Adani Total Gas NSE -0.33 % and Adani Enterprises NSE 0.52 %.
