Adani Green hits 52-week high in weak market, stock zooms 53% in one month

Shares of Adani Green Energy (AGEL) continued their upward journey on Monday to hit a fresh 52-week high of Rs 68.65, up 6 per cent in an otherwise weak market. The stock extended its past two days’ 15 per cent rally on the exchange.
The scrip is 12 per cent away from its all-time high level of Rs 78, touched on August 7, 2018. In comparison, the S&P BSE Sensex was down 0.19 per cent at 37,601 points at 03:06 pm. In the past one month, the stock has zoomed 53 per cent, against 1.4 per cent rise in the benchmark index.

AGEL, a subsidiary of the Adani Group and one of the largest renewable power generation companies in India, on Friday said it has raised $362.5 million through a dollar bond issuance.