Adani Green zooms 50% in 14 trading days, market cap crosses Rs 3-trn mark
Shares of Adani Green Energy (AGEL) continued their upward movement, hitting a new high of Rs 1,955.90, up 2.6 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market. The S&P BSE Sensex was down 0.77 per cent at 60,285 at 11:01 am.
In the past 14 trading sessions, the stock of the renewable energy arm of the diversified Adani Group has zoomed 50 per cent from Rs 1,307.05 on December 30, 2021. In comparison, the S&P BSE Sensex was up 4.3 per cent during the same period.
A sharp rally in stock price of the company has seen, AGEL become the first Adani Group company to cross the Rs 3-trillion market capitalisation (market cap) today. Currently, AEGL has a market cap of Rs 3.04 trillion, the BSE data showed.
