Adani Green Energy New MultiBagger .Made Investors Crorepati in last one Year .

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Adani Green Energy is the Company of Gautam Adani who is the rising businessman of India. In just 3 years Adani Green Energy Crosses the M-Cap of 1 Lakh Crore. In the last one year Share of Adani Green gives 1100% returns which means if you have invested 9 lakh rupees one year back then the current market value is around 1.08 Crore Rupees. Here we will tell you about this share.

Adani Green is trading at 52 weeks High

On 16th September share of Adani Green touches 52 Week High which is 699 rupees and it’s 52 weeks low is 51.60 rupees. On Friday 18th September 2020 share gets down by 0.34% or Rs 2.30. On Friday Share of Adani Green opens on Rs 675 and it reaches to Rs 688. Closing the M-cap of Adani Green Energy is 1,03,944.39 rupees.

Adani Green Energy is Ahead of Many Old Industries in Terms of M-Cap

In terms of M-Cap Adani Green Energy is ahead of big players like NTPC, Bajaj Finserv, Power Grid, Britannia Industries, Dabur India, Hindustan Zinc, ONGC.

When Adani Green Lists in Share Market?

Adani Green was started in 2015. It was listed in Share Market in 2018 when Adani Green demerged from Adani Enterprise and becomes an independent company. The company is listed on both the Bombay Stock Exchange of India (BSE) and the National Stock Exchange of India (NSE).

On every 1000 shares of Adani Enterprises, 761 shares of Adani Green Energy was allotted to its investors.

How does Adani Green Energy Outperform?

The main reason behind the outperformance of Adani Green power is the profit generated by the company in the previous quarter. In the first quarter of the financial year, the 2020-2021 company made the profit of Rs 21.75 Crore while one year back in the same quarter the company suffered a huge loss of Rs 97.44 crore. In the end quarter Income of the company increases to rs 878 Crore while it was rs 675 Crore in the first quarter of 675 Crore Rupees.

The Reason Behind the Profit of Generating Adani Green Energy

Adani Green is in the Renewable Power Sector. So while the Corona Pandemic Company business never gets shut and also it doesn’t affect the company’s financial growth. During Lockdown Total SA which is a leader in the energy sector in France, Invested Rs 3,707 Crore and this joint venture will develop solar power projects in 11 states of India. Ventures will generate 2.148 gigawatts of solar power.

Future of Company – Should you invest

Adani Green Energy has promised that it will invest around 70% of it’s budget in Clean efficiency and make Power-efficient systems. The company is aiming to become the world’s largest solar player by 2025 and also targeted to become the largest player in renewable energy in the world by 2030.

The future of the company is good but at today’s point of view, the Company is in an overbought zone. The correction will definitely come you should hold for some time and watch the share

Disclaimer:- All investment-related information is from the Author’s point of view. You should consult your financial advisor before taking this into consideration it is for your knowledge only.

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