The end of the year is the perfect time to talk about the stocks which outperformed through the year. And Adani Group stocks are on that list.
Most of the Adani Group stocks have had a stellar 2019. The group as a whole crossed Rs 2 lakh crore market cap for the first time this year. Over the last five years, Adani Group has been consistently generating wealth for its investors, delivering a compounded annual growth of around 20 percent since April 2013.
These were the key drivers for Adani Group's performance:
- The group has been generating strong organic growth.
- Acquisitions by group companies have been timely as well as lucrative.
- It has also tied up with a lot of large foreign players like Total and QIA.
- Adani Group has worked hard in improving its balancesheet and reducing the promoter pledge.