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Why adani green shares falling?
Why adani green shares are falling? : You also know Adani Green’s shares are falling because the quality of its fundamentals is not right. Let us tell you that its balance sheet is full of debt. It has not paid dividend for the last five years. Now you see for yourself, today its share price is 2,062.40 INR. Talking about its CDP score, the 52-week highest is 3,050.00 and the 52-week low is 874.80. It operates in a very unbalanced manner.
All Adani group stocks fall
Since April 2022, all stocks from the Adani Pourt have seen a sharp decline owing to the market selloff among other concerns.
Have a look at the table below which shows the performance of all Adani group companies in the month gone by.
Crocs company belongs to which country?
Crocs is a shoe manufacturer based in the United States, originated in Boulder, a city located in the foothills of the Rocky Mountains in northern Colorado. It’s happened to them. For your information, let us tell you that the share market price of Crocs is 52.76 $ i.e. 4,093.30 Indian Rupee.
2 Sectoral effect?
In March 2022, the Indian government announced to raise renewable energy capacity to 500 Gigawatt by 2030.
Renewable energy production capacity was roughly 10 GW in 2005, and it has expanded to around 100 GW by December 2021. That’s a 16.6% compound annual growth rate over 16 years.
To contribute to India’s renewable energy dream, Adani Green aims to become the world’s largest renewable energy company by 2030 with a pioneering effort to help India’s transition to renewable power generation.
3 Valuation concerns
Adani group stocks were the biggest gainers since the March 2020 crash. Chart out any company’s graph and you’ll see a sharp arrow rising upwards.
So, it was only a matter of time before the markets took note of this and brought down the most overvalued stocks.Adani Green Energy is among the top 5 most overvalued stocks in India. It trades at a PE multiple of a whopping 710 while its price to book value is also an expensive 157.
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