Adani Group stocks trade mixed following clarification from NSDL business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Read more about Analysts turn cautious on Adani Group companies, suggest cutting exposure on Business Standard. Shares of all six companies - Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas and Adani Transmission - hit their respective lower circuits in intra-day trade today
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Mumbai: The world’s most expensive stock in terms of the customary parameters of price to earnings and book value multiples is an Indian clean energy company that only got listed two years ago.
Adani Green Energy has a net worth of Rs 2,600 crore while its market capitalisation was Rs 1.62 lakh crore at the end of Thursday trade.
The stock of the company, which is striving to become the world’s largest renewable company in the next decade, has seen a 717% surge in just one year, outperforming heavyweights HDFC Bank, RIL, Avenue Supermarts and TCS to emerge as the top gainer in the NSE 500. Adani Green Energy ended at Rs 1,036 Thursday on the BSE, down 2.7%.