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Adani Green Energy Stocks Rise 6.39% Amid Increasing Foreign Institutional Holding

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Adani Green Energy saw a significant rise in its stock price today as it closed at ₹2037.65, marking a 6.39% increase from the previous day’s closing of ₹1915.25. The company’s stocks opened at ₹2100.1 and went through fluctuations throughout the trading session, hitting a high of ₹2173.65 and a low of ₹1951.

The market capitalization of Adani Green Energy at the close of the trading day stood at ₹311,983.12 crore, reflecting the strong investor interest in the company’s stock. The 52-week range of the stock illustrates the volatility it has experienced, reaching a high of ₹2016 and a low of ₹816.

Among the institutional holdings in the company, Mutual Funds (MF) hold a stake of 1.36%, while Foreign Institutional Investors (FII) have a higher stake of 18.15%. This indicates a notable increase in FII holding from the previous quarter, where it stood at 18.03%.

The buying interest from Foreign Institutional Investors has played a key role in driving the stock price upwards. The analyst recommendation trend for the stock currently stands at Hold, reflecting a neutral outlook on its future performance.

Rachel Adams

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