Wed Nov 27 09:03:56 UTC 2024: **Adani Green Energy Surges 9%, Boosting BSE Power Index**

**Mumbai, India –** Adani Green Energy’s share price jumped 9% today, reaching Rs 978.3, contributing to a 2.5% rise in the BSE Power index, which closed at 7,433.3. Other significant gainers in the power sector included Adani Power (up 14.6%) and Adani Energy Solutions (up 10%). Torrent Power, however, saw a decline of 1.9%.

While Adani Green Energy’s stock price is up significantly for the day, it remains down 7.1% over the past year, falling from Rs 1,052.5 to its current price. In contrast, the BSE Power index has shown robust growth over the same period, increasing by 51.9% from 4,892.0. Siemens, KEC International, and Torrent Power were among the top performers in the BSE Power index over the past 12 months.

Adani Green Energy reported strong financial results, with a 41.5% year-on-year increase in net profit for the quarter ending September 2024 (Rs 4,160 million) and a 37.6% rise in net sales. The company also saw significant growth in its full-year results for FY24. Despite the positive quarterly results, the company’s price-to-earnings ratio remains high at 122.1.

The broader market also saw gains, with the BSE Sensex up 0.5% at 80,381.9 and the NSE Nifty up 0.4% at 24,301.1. Mundra Port & SEZ and NTPC were among the top gainers in the Sensex.

**Disclaimer:** *This news article is based on information provided by Equitymaster Research Private Limited. Investment in the securities market is subject to market risks. Consult a financial advisor before making any investment decisions.*

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