Adani Green Energy Faces Prolonged Decline Amid Broader Market Challenges

Feb 17 2025 09:50 AM IST
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Adani Green Energy's stock has faced a notable decline, reaching a new 52-week low and experiencing a significant drop over the past month. The stock has fallen for eight consecutive days, trading below key moving averages and underperforming its sector, reflecting ongoing challenges in the power generation industry.
Adani Green Energy has experienced significant downward movement in its stock price, losing 3.34% on February 17, 2025. The stock reached a new 52-week low of Rs. 850.5 during the trading session, marking a notable decline. Over the past month, Adani Green Energy has underperformed, with a decrease of 20.69%, compared to a modest 1.46% decline in the Sensex.

The stock has been on a consistent downward trend, falling for eight consecutive days and recording a total decline of 16.03% during this period. On this particular day, it touched an intraday low of Rs. 850.5, reflecting a drop of 3.82%.

In terms of moving averages, Adani Green Energy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock's performance. Additionally, the stock underperformed its sector by 2.74% today, highlighting ongoing challenges within the power generation and distribution industry.
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