Adani group stock breaks upper circuit of 10% after getting added to F&O today

Adani group stock breaks upper circuit of 10% after getting added to F&O today


The financial landscape is set to experience a significant shift as Adani Energy Solutions, Adani Total Gas, and Adani Green Energy prepare to enter the futures and options market. This development marks an important milestone for investors and traders looking to expand their strategic investment opportunities.

The newly inducted Adani Group companies have already demonstrated remarkable market performance, with impressive gains that have caught the attention of financial analysts and market participants. Their inclusion in the derivatives segment signals growing confidence and potential for these energy sector companies.

December F&O Series Kicks Off

As the December futures and options series begins, market watchers are keenly observing these new Adani Group entrants. The addition of these stocks promises to bring increased liquidity, trading volume, and potentially new investment strategies to the dynamic Indian financial market.

The three are among the 45 stocks that will now have futures and options contracts from Friday, which will also mark the start of the December F&O series.

Share Price Movement 

The share price of Adani Green Energy Limited went up by 14.7 percent to Rs. 1,247.3 per share on Friday, an increase from its previous close of Rs. 1,087.2 per share. The market capitalisation now stands at approximately Rs. 1,92,697.5 crore as of November 29, 2024.

What Happened 

Adani Green Energy experienced a significant market recovery, surging up to 15% and trailing near the upper circuit. The stock’s positive momentum came after the inclusion of Adani Group stocks in the newly expanded futures and options contracts. Adani Green, along with 2 Adani Group stocks, are now set to open a gateway for F&O in the future.

Q2 Financial Highlights

According to its recent filing, in the quarter ending September 2024, Adani Green Energy’s consolidated revenue from operations has increased by 37.6 percent YOY from Rs. 2,220 crore in Q2 FY24 to Rs. 3,055 crore in Q2 FY25 and increased by 7.76 percent QoQ from Rs. 2,835 crore in Q4 FY24. 

The company’s consolidated net profit has increased by 38.8 percent, from Rs. 371 crore in Q2 FY24 to Rs. 515 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 18.12 percent QoQ from Rs. 629 crore.

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Market Outlook 

The industry outlook for the Indian renewable energy sector appears robust. The government is targeting 500 GW of non-fossil-based electricity generation by 2030, with a focus on solar power. India’s installed renewable energy capacity is expected to increase to 170 GW by March 2025, driven by strong policy support and significant investments.

The government is also supporting farmers through schemes like the PM-KUSUM program, which enables them to set up solar power plants and solarise grid-connected agriculture pumps. Overall, the industry shows signs of increasing investments and a growing focus on renewable energy to meet India’s rising electricity demand.

Shareholding Pattern

As of the November 2024 shareholding pattern, Adani Green Energy Limited is primarily held by the promoters at 60.93 percent, foreign institutional investors hold 15.16 percent, and the public with 22.45 percent.

About Company

Adani Green Energy Limited (AGEL) is a leading force in India’s renewable energy sector. Founded in 2015 as part of the Adani Group, the company specialises in solar and wind energy generation. Headquartered in Ahmedabad, AGEL is committed to driving India’s transition to sustainable energy. With a robust portfolio of over 20,434 MW in renewable projects, AGEL plays a critical role in advancing clean energy initiatives.

The company operates across solar, wind, and hybrid energy segments. Its notable projects include the Kamuthi Solar Power Plant, one of the largest photovoltaic plants globally. AGEL boasts an operational capacity of 7,393 MW, with plans to achieve 25 GW by 2025 and an ambitious 50 GW by 2030. Strategically located in 12 Indian states and expanding globally, the company’s long-term agreements ensure consistent revenue and growth.

Written By Fazal Ul Vahab C H

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.


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