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HomeBusinessAdani Group Latest Update: Multibagger Stock Adani Enterprises included in Nifty 50

Adani Group Latest Update: Multibagger Stock Adani Enterprises included in Nifty 50

Adani Enterprises Share: Adani Enterprises, the second company of Gautam Adani, the chairman of the world’s third richest Adani Group, is included in the index Nifty 50 of the country’s largest stock exchange National Stock Exchange (NSE). is going to happen. Adani Enterprises will start trading in Nifty 50 Index from 30th September, 2022. Adani Enterprises Cement Company is going to replace Shree Cements Limited in the index. Shree Cements is being taken out of Nifty 50.

Second group company included in Nifty 50
This is a big achievement for Adani Enterprises, this flagship company of Gautam Adani’s group companies. This decision has been taken by the Index Maintenance Sub-Committee of the National Stock Exchange, which decides which company will remain in the Nifty 50. It is believed that after the inclusion of Adani Enterprises in Nifty 50, there can be an inflow of $213 million in the stock. On the other hand, outflow of $ 87 million can be seen after Shree Cements exit from Nifty 50. Let us tell you that Adani Ports & SEZ is already a part of Nifty 50 Index.

Adani Enterprises gave a return of 1080 percent in 2 years
Due to the news of inclusion in the Nifty 50 index, the stock of Adani Enterprises is seeing tremendous growth in Friday’s trading session. The share of Adani Enterprises is trading at Rs 3344 with a gain of 3.44 per cent. Let us tell you that the stock of Adani Enterprises has given multibagger returns to the investors in the last few years. The stock has seen a jump of 112 percent in the last one year. Exactly a year ago the stock was trading at Rs 1571. At the same time, the stock has given a multibagger return of 1081 percent in two years. On September 2, 2022, the share of Adani Enterprises was trading at Rs 283.

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Adani Enterprises is the flagship company of the Adani Group. Adani Enterprises is the holding company of companies in which the Adani Group is expanding.

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