Smruti Ranjan Bihari

Adani Enterprises Limited, a flagship company of the Adani Group, has seen a significant surge in its stock prices in recent times, with its shares rising by more than 1,000% since March 2020. The Adani Group's expansion plans and the Indian government's push towards renewable energy are the key factors driving the surge in Adani stock. The group has aggressively expanded its businesses, with plans to build new ports, airports, and data centers, while also ramping up its renewable energy business. However, the surge in Adani stock has also attracted criticism over concerns about the company's debt levels, environmental record, tax evasion, and financial irregularities. Despite these concerns, Adani stock remains a top pick for investors in India who see the company's growth potential, but they should also be aware of the risks involved in investing in a high-growth company with a controversial environmental record and a complex business structure.