Why Is Adani Green Energy Share Price Rising Today? Solar Energy Stock Zooms 11% After THIS Update
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Adani Green Energy's share price rose 11% after brokerage Macquarie revised its target price to Rs 1,320 per share and gave an 'outperform' rating. The rally coincided with a sharp upside move in other Adani Group stocks and a wider market rebound.
Adani Green Energy's share price surged 11% to Rs 1026.6 per share on the BSE. The stock touched an intraday high of Rs 1046 per share and an intraday low of Rs 968 per share. Brokerage Macquarie revised its target price to Rs 1,320 per share and gave an 'outperform' rating. Macquarie also raised its base-case capacity estimates for Adani Green Energy after strong performance in the financial year 2025-26. The rally coincided with a sharp upside move in other Adani Group stocks. Adani Green Energy has a return on equity of 8.9% and has delivered over 20% return in two weeks.
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