Adani Green Energy Beats Rs 1 lakh crore mark in Market valuation

Adani Green Energy Beats Rs 1 lakh crore mark in Market valuation

Adani Green Energy Beats Rs 1 lakh crore mark in Market valuation

On Tuesday, Adani Green Energy has crossed Rs 1 lakh crore mark in the market valuation. At the end of the trade, the company’s market value stood at Rs 1,04,890.62 crore. Now, Adani Green entered into an elite club of companies. The stock cross this mark due to the continuous rally in the stock price.

The shares of Adani Green gained around 0.63 percent on Wednesday. It opened its share price at Rs 692.90 and reached a day high price of Rs 697.90. A total of 3,935,810 shares exchanged on the counter. At the end of the day, the share price closed at Rs 675.55.

The subsidiaries of the Adani group, Adani Enterprises market cap stood at Rs 31,405.08 crore. Besides, the Adani port and Gas market value was at Rs 71,629.41 crore and Rs 22,782.57 crore, respectively. 

On Friday, Adani Green Energy reported a consolidated net profit of Rs 21.75 crore in Q1 of FY21. The consolidated net sales stood at Rs 778 crore. However, it had reported net sales of Rs 660 crore for the same quarter a year ago.

Stock Market September 16th: 

At 3:30 PM (IST), both Sensex and Nifty sustained a bullish trend in the stock market. At the closing bell, the BSE Sensex ended at 39.302.85 level with a gain of 258.50 (0.66%) points. Besides, the Nifty increased 82.75 points with a 0.72% extended and reached the 11,604.55 level.

On the other hand, the number of confirmed or coronavirus cases in India reached 50,20,359 as of September 16th, and deaths reached 82,091.

In the border markets, the S&P BSE Small-Cap reported a bullish trend in the stock market. It scores 67.33 points with a 0.44% increase and reached the 15,430.90 level. The S&P BSE Mid-Cap gains 31.06 points with a 0.21% increase and reached a 15,045.80 level. While the Nifty Bank raised 107.90 points with a 0.48% rise and reached the 22,573.55 level.

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