Adani Green’s stock rose for the seventh consecutive session. Stock up 22% this week

Shares of Adani Green Energy extended their rally for the seventh straight day in early morning deals on Wednesday. Adani Green’s stock opened upside down today and reached intraday high 2338 per share (9:20 am on NSE), registering a rise of nearly 22 per cent this week. Adani Group’s stock was closed on At the level of 1918.50 on the NSE in Friday’s session. Some of the credit for the surge in Adani Green’s share price today can be attributed to Q1FY23 Update However its nature is temporary.

The flagship Adani group company has claimed a 65 per cent year-on-year (YoY) growth in operating capacity to 5,800MW in the recently ended June 2022 quarter. The company’s energy sales grew 73 per cent (YoY) to 3,550 million units in Q1FY23 from 2,054 million units in Q1FY22.

Adani Green Share Price History

Adani Green Share is rising from 6th July 2022 and in the last seven seasons it has increased since 1876.40 The 2338 level marks an increase of about 25 percent over this time horizon. It is one of the multibagger stocks produced by the Indian stock market in the last one year. This stock of Adani has almost risen in the last one year from 989 2338 level, provides about 130 percent return to its shareholders over this time horizon.

In the last five years, adani green share price climbed from 29.45 to At the level of 2338, a growth of about 7,625 per cent was registered during this period.

Adani Green Q1 Update

The Adani Group company has today announced its Q1 update. Adani Green announced its first quarter update after sharing the Q1FY23 earnings update with Indian exchanges. In this Q1 earnings update, the energy company has reported energy sales to grow 73 per cent YoY to 3,550 million units in Q1 FY23 as against 2,054 million units in Q1 FY22. The company’s total operating capacity grew 65 per cent to 5,800 MW in the recently ended June 2022 quarter, while its solar portfolio CUF is supported by 100 per cent plant availability with a 150 bps improvement at 26.5 per cent.

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