Adani Enterprises to Enter into Nifty 50 in September 2022

Gautam Adani led Adani Enterprises Limited, which is a flagship company of the Adani Group, is all set to enter into benchmark equity index NSE Nifty on 30th September 2022. Adani Enterprises Limited is one of the India’s largest business house. Shares of  AEL have surged almost double over the year with all-time high of Rs 3470 on 9th September 2022. Adani Enterprises has been building biggest and crucial infrastructural assets for the country.

Adani Enterprises Ltd was incorporated in the year 1993 as a Adani Exports Ltd, earlier they started as a  partnership firm in the year 1988 and then later changed to joint stock company in the year 1993. Adani Enterprises Limited has three main subsidiaries: Adani Wilmar (food processing), Adani Airport Holdings (airport operations) and Adani Road Transport (road development).

Chairman of Adani Group Mr. Gautam Adani is the 3rd richest person in the world only after Elon Musk and Jeff Bezos. Along with Mukesh Ambani, two Indians are there in the list of top 10 richest person on this planet.

The CEO of Adani Enterprises Ltd Mr. Vinay Prakash is among the recognised leaders in Energy and infrastructure sector. Vinay Prakash  is very focused for energy security and sustainability, he has expanded the Natural Resources business of the Adani Group in India and many other countries.

As per Market analysis and expert comments, share of  Adani Enterprises Ltd is going to raise further by close to 30 present in next 2 to 3 quarter before stabilizing. Investors who are holding the stock since last one year has already doubled their investment as of now. Momentum in this script is going to continue further.

NSE has made the statement that Adani Enterprises Ltd will make entry into Nifty 50 on 30 September 2022 in place of Shree Cements. You may look for this script into your portfolio for long term investment purpose.

 

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