Adani green stock: Adani Green has overtaken the country’s largest bank State Bank of India (SBI) in terms of market cap. On Monday, Adani Group’s renewable energy company emerged as the seventh most valuable company on Dalal Street. Where on one hand today, the shares of Adani Green in the stock market outperformed not only these benchmarks but also peers and other indices. Shares of Adani Green closed at Rs 2,973 up 3.79% on BSE. Shares of Adani Green achieved a new historical high at ₹ 3013.20 per share during trading today.
182% return in a year
Shares of Adani Green have given returns of over 182% in the last one year. The shares were at ₹1,055.7 on April 19 last year. At the same time, so far this year in 2022, this stock has given a return of 120 percent. The shares of the company were at Rs 1347 on January 3, 2022, which has now increased to Rs 2,968.10. This stock has given a return of 58.08% in the last one month. At the same time, in the last five trading sessions, the stock has gained about 33%.
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Market cap stood at ₹4,64,215.08 crore
Adani Green has a market cap of ₹4,64,215.08 Crore. This makes the company seventh in the list of Top 10 Most Valuable Companies on BSE. SBI shares closed down 1.6% at ₹509.40 on BSE today. The market cap of the bank stood at Rs 4,54,619.71 crore at the closing price.
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SBI is one rank below Adani Green among BSE’s TOP market cap companies and is now at the eighth position. In terms of market cap, Adani Green is now giving competition to giants HUL, HDFC Bank, RIL, TCS, HDFC Bank and Infosys.