Shares of Adani Green are one of the multibagger stocks in 2022. In year-over-year time, this Adani Group stock has risen by nearly 110 per cent. from 1345 2795 each level. However, this may be possible after the sharp jump in the share price of Adani Green in the past one month. During this, there has been a jump in this multibagger stock of 2022. from 1822 2795 per share level, an increase of more than 50 percent in this time.
according to exchange communication Adani Green Energy, the company’s total operating capacity has grown by 56% YoY to 5,410 MW in Q4FY22. Its YoY energy sales grew 84 per cent to 2,971 million units as against 1,614 million units in Q4 FY21 in the same quarter.
Adani Group Management also spoke about the upcoming new investment in AGEL, “Initiating an inter-generational relationship with the Adani Group, Abu Dhabi-based International Holding Company PJSC (IHC) will invest approximately USD 500 million ( 3,850 crore) as primary capital in AGEL. This will help shrink the balance sheet, strengthen the credit rating profile thereby helping to reduce the cost of capital and support future growth.”
Adani Green Energy Limited also claimed a manufacturing facility of USD 288 million, increasing the manufacturing revolver pool to USD 1.64 billion in the recently ended quarter.
Based on these positive fundamentals, Adani Green Share Have been rallying since the beginning of the new year 2022. Today, it is the 10th most valuable firm in India by market capitalization. 4,41,826 crore or 4.41 lakh crore. Yesterday, Adani Green Energy entered this elite list leaving behind Bharti Airtel, Kotak Mahindra Bank, ITC, Wipro and HCL Tech. Reliance Industries Limited or RIL is the most valuable Indian company with a market cap of 17.38 lakh crore.
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