Adani Enterp. 2462.65↓-171.05(-6.49%)
Adani Ports 717.75↓-16.30(-2.22%)
Apollo Hospitals 4536.00↓-14.40(-0.32%)
Asian Paints 3101.90↓-18.70(-0.60%)
Axis Bank 917.75↑1.60(0.17%)
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Cipla 938.80↑8.40(0.90%)
Coal India 241.30↑2.00(0.84%)
Divi's Lab. 3382.95↓-2.85(-0.08%)
Dr Reddy's Labs 4518.55↑58.00(1.30%)
Eicher Motors 3608.85↑7.25(0.20%)
Grasim Inds 1700.70↑2.75(0.16%)
H D F C 2672.65↓-33.20(-1.23%)
HCL Technologies 1112.50↑5.15(0.47%)
HDFC Bank 1614.90↓-22.30(-1.36%)
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Hero Motocorp 2740.60↑30.15(1.11%)
Hind. Unilever 2617.10↓-11.20(-0.43%)
Hindalco Inds. 406.90↓-3.40(-0.83%)
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ITC 434.45↑5.30(1.23%)
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NTPC 175.00↑0.85(0.49%)
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Power Grid Corpn 235.95↑1.85(0.79%)
Reliance Industr 2441.95↓-12.60(-0.51%)
SBI Life Insuran 1175.45↑9.85(0.85%)
St Bk of India 582.35↑0.75(0.13%)
Sun Pharma.Inds. 951.90↑20.30(2.18%)
Tata Consumer 770.85↑0.80(0.10%)
Tata Motors 519.70↓-8.80(-1.67%)
Tata Steel 105.20↓-0.40(-0.38%)
TCS 3304.75↑7.70(0.23%)
Tech Mahindra 1100.05↑9.55(0.88%)
Titan Company 2707.55↑24.10(0.90%)
UltraTech Cem. 7655.00↑0.75(0.01%)
UPL 682.05↑1.40(0.21%)
Wipro 400.00↑2.35(0.59%)

Adani Green sees a 565% stock rally: A $23 bn firm with no analyst coverage

With a free float of about 21%, Adani Green is one of the most illiquid stocks in the Nifty 100 gauge, data showed

Ronojoy Mazumdar | Bloomberg

Premium

At the start of 2020, Adani set a goal of becoming the world’s largest renewable power company by 2025.

2 min read Last Updated : Dec 09 2020 | 12:10 AM IST

Adani Green Energy Ltd., a unit of one of India’s largest conglomerates, is the best performer this year among the nation’s top 100 stocks. It is also the only one in that cohort without a single analyst rating.

Shares of Adani Green have jumped 565% in 2020 versus a gain of just 10% for the National Stock Exchange’s Nifty 100 Index. The rally helped the company recently win entry to the MSCI India Index.

While the stock’s surge may not come as a huge surprise given the heightened global popularity of sustainable assets such as renewable energy stocks amid the pandemic, the complete lack of analyst coverage on the company has left some market participants baffled.