Despite the fall in the stock market, the shares of Adani Green Energy remained bullish on Tuesday. The market cap of this company of the country’s second largest rich Gautam Adani had crossed Rs 3 lakh crore during the business today. It is the first Adani Group company to achieve this milestone. Shares of Adani Green Energy have given 4,800 times returns in the last three years.
The company’s stock had reached Rs 1,919 during trading on Tuesday. Eventually it closed at Rs 1,906.80, up 4.31 per cent. Brokerage firm Ventura Securities started coverage of the stock in December with a buy rating. Ventura has given a target of Rs 2,810 to this stock, which can be achieved in the next 24 months.
15th most valuable company in the country
Adani Green Energy is the 15th most valuable company in the country with a market cap of Rs 298,226.24 crore. Its market cap is now higher than that of Bajaj Finserv, Avenue Supermarts, Larsen & Toubro, ITC, Maruti Suzuki and Titan Company.
Adani Green is the largest renewable energy company in the country. Its current project portfolio is 13,990 MW. According to the provisional business data for the December quarter, the company’s energy sales in the December quarter grew by 97 per cent to 2.50 billion units. Which was 1.27 billion units in the same quarter of the last financial year. The company’s total operational capacity grew by 84 per cent to 5410 MW in the December quarter.
.