Why is Adani Green falling/rising?
As of 10-Jul, Adani Green Energy Ltd's stock price is at 995.60, with a slight increase of 0.01%. Despite recent gains, the stock has underperformed over the past week and year, facing challenges from high debt levels and declining institutional investor interest.
As of 10-Jul, Adani Green Energy Ltd's stock price is currently at 995.60, reflecting a slight increase of 0.05 (0.01%). The stock has been gaining for the last three days, with a total return of 0.44% during this period. However, over the past week, it has declined by 1.27%, and its performance over the last month shows a significant drop of 6.16%. Despite the positive results declared for the last four consecutive quarters, including a 60.27% growth in PAT and a 97.3% increase in PBT, the company faces challenges due to a high debt-to-equity ratio of 6.17, indicating weak long-term fundamental strength. Additionally, there has been a decrease in institutional investor participation, which may contribute to the stock's volatility.In the broader market context, while the Sensex has shown a minor decline of 0.06% over the past week, Adani Green's performance has been notably worse, indicating a relative underperformance. The stock has generated a negative return of 43.28% over the past year, contrasting sharply with the market's positive return of 4.09% during the same period. This underperformance, combined with falling participation from institutional investors, suggests that the stock is struggling to attract confidence from the market, despite its recent minor gains.
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