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Mumbai: The world’s most expensive stock in terms of the customary parameters of price to earnings and book value multiples is an Indian clean energy company that only got listed two years ago.
Adani Green Energy has a net worth of Rs 2,600 crore while its market capitalisation was Rs 1.62 lakh crore at the end of Thursday trade.
The stock of the company, which is striving to become the world’s largest renewable company in the next decade, has seen a 717% surge in just one year, outperforming heavyweights HDFC Bank, RIL, Avenue Supermarts and TCS to emerge as the top gainer in the NSE 500. Adani Green Energy ended at Rs 1,036 Thursday on the BSE, down 2.7%. ....

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