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Adani Green Energy share hits upper circuit as firm eyes Softbank's majority stake in SB Energy


Adani Green Energy share hits upper circuit as firm eyes Softbank s majority stake in SB Energy
Adani Green Energy stock touched an intraday high of Rs 1142.55, rising 5% on BSE. Later, the stock closed at same level
BusinessToday.In | May 17, 2021 | Updated 18:20 IST
Adani Green Energy stock opened with a gain of 4.67% at Rs 1,139 on BSE.
Adani Green Energy share hit upper circuit of 5% today amid reports that the firm was vetting a proposal to buy out Japan s SoftBank Group s majority stake in solar power producer SB Energy. Adani Green Energy stock opened with a gain of 4.67% at Rs 1,139 on BSE. The stock has gained 8.81% in the last 2 days and has risen 8.81% returns in the period. The large cap stock touched an intraday high of Rs 1142.55, rising 5% on BSE. Later, the stock closed at same level. ....

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Mid-cap Picks With Anil Singhvi: Adani Green Energy, ABB India, Aptech are Simi Bhaumik recommendations today


Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks)
 
Long Term Pick: Adani Green Energy
Adani Green Energy stock is trading near its long term support zone. Once the stock went below its 50 dma of Rs 985, however, the stock is holding its 100 day exponential moving average. Adani Green Energy stock has formed a strong bottom base around Rs 900 – Rs 920. After double bottom formation on this stock, it can give a breakout after crossing Rs 1016 levels. The stock is showing good momentum in today’s trade. Adani Green Energy target price is Rs 1130 – Rs 1150 and the hold period on the stock would be 3 to 6 months. The stock can run up further than the targets. ....

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