Tata Power vs Adani Power: Which one is a better multibagger stock to buy on Monday? — explained
Multibagger stocks to buy: Shares of Tata Power and Adani Power are one of the multibagger stocks that the Indian stock market has delivered in recent years. However, some analysts are still bullish on the fundamentals and technical of these businesses.
Adani Power shares have delivered over 200 percent return to its shareholders in one year whereas Tata Power shares have risen to the tune of 125 percent in this time. So, buying either of these multibagger stocks can be a little tricky for a stock market investor.
According to stock market experts, Tata Power shares are trading within the range of its lifetime high whereas Adani Power shares are experiencing a downturn from its record high. However, they said that in terms of valuations, Adani Power shares are looking more attractive than Tata Power shares but they advised medium to long-term investors to wait for a market correction.
They went on to add that despite Friday's sell-off, the majority of the indices are still in overbought condition. Also Read: Iran-Israel war news fuels gold price rally despite rise in US dollar rate Speaking on which multibagger stock to buy between Tata Power and Adani Power, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360 said, “Tata Power has demonstrated strong performance in recent times and is presently trading within the range of its all-time high.
Conversely, Adani Power, which reached a peak of approximately ₹646, has experienced a downturn of around 8%. Furthermore, in terms of PE ratio comparison, Adani Power currently trades at a PE of 10, while Tata Power trades at a PE of 40." Comparing Adani Power shares with Tata Power shares, Sugandha Sachdeva, Founder of SS WealthStreet said, "Adani Power has exhibited
. Read more on livemint.com
