Adani stocks: From their 52-week lows, shares of Adani Enterprises and Adani Green Energy have become multibaggers.

Investors have been paying attention to Adani Group stocks ever since the publication of the Hindenburg report on January 23, 2023, which purportedly accused the Gautam Adani-led conglomerate of misconduct and stock price manipulation. The short seller's report from the US caused a sharp sell-off in Adani Group shares, which plunged and lost almost 75% of their value.

But in just four months, after hitting their new lows, the shares of the Adani Group have smartly returned, and some of them have transformed into multibaggers from their individual 52-week lows. Since February 2023, these stocks have experienced a significant increase of up to 160 percent.

Adani Enterprises, which has increased by approximately 163%, is at the top of the list. The flagship company of the Adani Group saw its 52-week low on February 3, 2023, at Rs 1,017.10, and has since become a multibagger after hitting an upper circuit of 15% to Rs 2,674.35 on Tuesday at 9.45 am. The market valuation of the company was approximately Rs 3.05 lakh billion.

Adani Green Energy, the renewable energy division of the Adani Group, has also increased by over 125 percent after hitting a 52-week low on February 28 at Rs. 439.35. With a market value of Rs. 1.57 lakh crore, the stock remained Tuesday locked up at its upper circuit limit of 5% to Rs. 989.50.

The price of Adani Ports and Special Economic Zone (APSEZ), which reached a 52-week low on February 3, 2023 at Rs. 394.95 , has also increased by 99%. The Nifty50 index stock increased by about 8% on Tuesday to reach Rs 785.95 before partially giving up its gains.

Adani Power is also on the verge of becoming a multibagger due to the utility player's Tuesday increase of 5% to Rs 260.40, which was locked in at the buyers' circuit limit. The stock has increased by almost 97% since it hit a 52-week low on February 28, 2023, at Rs 132.55.

Adani Wilmar, one of the companies in the Adani Group, has increased by around 68% from its 52-week low of Rs. 488.80, while Adani Transmission and Adani Total Gas have increased by 38% and 20%, respectively, from their respective lows as of Tuesday's most recent stock prices.

The Adani Group has also bought stocks that have provided investors with large gains. From its respective 52-week lows, Ambuja Cements, New Delhi Television, and ACC have all gained between 20 and 40 percent. On Monday, the Adani Group's overall market value surpassed the Rs 10 lakh crore threshold.

According to some media sources, the Adani Group is allegedly thinking about selling off a few real estate properties that are deemed non-core to its business.