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.

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