The Indian equity benchmarks on Thursday remained in red for the third straight day. One thing that remained constant was the upward movement in Adani Green Energy (AGEL). AGEL ended the day with a 1.40 percent rise at 1,965 points.
Earlier in the day, Adani Green Energy was seen hitting a new high of 1,955.90. The green energy arm of the group has a market cap of Rs 307,333.83 crore. AGEL has seen a 50 percent rise in the past 14 trading sessions. Rs 1000 invested 7 days ago would have been Rs 1,180.6 by now.
An investment of Rs 1000 a month ago in Adani Green Energy (AGEL) would have been Rs.1435.02 by now. As India will procure around 450 GW from renewable energy Adani Green Energy is set to get benefit out of the demand.