Shares of Adani Green Energy (AGEL) were locked in 5 per cent upper circuit at Rs 638.85 — fresh record high — on the BSE on Monday after the company reported a profit before tax of Rs 51.27 crore during the first quarter of FY21 ended June, as against loss of Rs 131.24 crore during the same period in FY20. The total income of the company during Q1FY21 rose 30 per cent year on year to Rs 878 from Rs 675 crore in the same period last year.
The Adani Group company’s stock has rallied 1,173 per cent in a year. In comparison, the S&P BSE Sensex was up a 4.7 per cent during the same period. The sharp rally in the stock has seen its market capitalisation (m-cap) nearing Rs 1-trillion mark. AGEL’s m-cap stood at Rs 99,917 crore, the BSE data shows
