Adani Green Energy Ltd drops for fifth straight session

Adani Green Energy Ltd fell for a fifth straight session today. The stock is quoting at Rs 964.2, down 2.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.67% on the day, quoting at 25702.5. The Sensex is at 83622.68, down 0.66%.Adani Green Energy Ltd has eased around 2.59% in last one month.Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has eased around 0.55% in last one month and is currently quoting at 34729.65, down 0.82% on the day. The volume in the stock stood at 12.03 lakh shares today, compared to the daily average of 17.14 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 966, down 2.43% on the day. Adani Green Energy Ltd jumped 2.24% in last one year as compared to a 9.69% rally in NIFTY and a 2.08% spurt in the Nifty Energy index.

The PE of the stock is 134.17 based on TTM earnings ending September 25.

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