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Adani Green trades firm in weak market; stock zooms 94% in 13 days

On March 2, 2023, GQG Partners, a leading US based Global Equity investment boutique, purchased 55.6 million equity shares of AGEL for Rs 2,806 crore at price of Rs 504.60 per share.

Adani, Adani Group
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Photo: Bloomberg

SI Reporter Mumbai
Shares of Adani Green Energy (AGEL) surged 4.4 per cent to Rs 853 in Monday’s intra-day trade and extended its two-week rise in an otherwise a weak market, amid heavy volumes. The stock of power generation company traded higher for the fourth straight day as it rallied 21 per cent, during the period.

At 02:33 pm; shares of AGEL was up 2.4 per cent to Rs 836.55, as compared to 0.92 per cent decline in the S&P BSE Sensex.

The average trading volumes on the counter nearly doubled as around 6.9 million shares changed hands on the NSE

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First Published: Mar 20 2023 | 2:58 PM IST

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