adani green energy return, 22% higher in the week Adani Green stock…Rs.2338 rise! – adani green shares surge for seventh straight session, stock rises 22% this week

Adani Green Energy shares extended their gains for the seventh straight day today. Adani Green stock opened on the upside today and touched a high of Rs 2338 per share. It’s up about 22 percent this week. Shares of Adani Group traded at Rs 1918.50 each on the Nifty in last Friday’s session.

The flagship Adani Group company recently increased operating capacity by 65 percent (YoY) to 5,800MW in the quarter ended June 2022. The company’s energy sales grew 73 percent (YoY) to 2,054 mn units in Q1FY22.

Adani Green share price history
Adani Green shares have been rising since 6 July 2022. In the last seven sessions, it has rallied from Rs 1876.40 to Rs 2338 at each level, gaining about 25 per cent over the period. This is one of the multibagger stocks that the Indian stock market has produced in the last one year. In the last one year, this Adani stock has risen from around Rs 989 to Rs 2338. During this period it provides about 130 percent return to its shareholders. In the last five years, Adani Green’s share price has risen from Rs 29.45 to Rs 2338, a gain of around 7,625 per cent during this period.

Adani Green Q1 Update
Adani Group today announced its Q1 update. Adani Green released its first quarterly update. In its Q1FY23 earnings update, the energy company reported a 73 percent increase in sales to 3,550 mn units in Q1 FY23 against 2,054 mn units in Q1 FY22. The company’s total operating capacity recently rose 65 percent to 5,800 MW in the quarter ended June 2022, while its solar portfolio CUF was 26.5 percent with an improvement of 150 bps supported by 100 percent plant availability.