Adani Green stock touches upper circuit

10 Apr 2023 , 11:09 AM

Adani Green Energy Ltd’s shares surged by 5% to touch the upper circuit on Monday, following a large block deal that saw approximately 13.70 lakh shares being traded. 

Despite the significant transaction, there is no information currently available regarding the identity of the buyers and sellers involved.

At around 11.03 AM, Adani Green was trading 5% higher at Rs 899.15, against the previous close of Rs 856.35 on NSE. The counter opened at Rs 897 in today’s trade.

A large block deal involving approximately 13.70 lakh shares (equivalent to 0.10% equity) worth Rs 123.09 crore took place at an average price of Rs 899 per share.

Adani Green Energy’s stock has now been moved from the second stage to the first stage of the long-term additional surveillance measure framework, as announced by both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The stock had previously been placed in the second stage of the framework on March 28.

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