Adani Green rallies to a new high, up 16% in 2 days on robust Q3 sales

The stock of the renewable energy arm of the diversified Adani Group quoted higher for the ninth straight trading session, and has gained 27 per cent during the same period.

Shares of Adani Green Energy (AGEL) hit a new high of Rs 1,666, up 6 per cent on Wednesday’s intra-day trade, surging as much as 16 per cent in the past two days on the BSE after the company announced a provisional operational update for the third quarter ended December 2021 (Q3FY22).

The stock of the renewable energy arm of the diversified Adani Group quoted higher for the ninth straight trading session and has rallied 27 per cent during the period.

In Q3, AGEL said sale of energy increased by 97 per cent year on year (YoY) at