et_marketsabout 4 hours ago
BULLISH(85%)
buy
Adani Green block deal: BNP Paribas buys 6.9 lakh shares worth Rs 56 crore
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Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
Block deals by large institutions often indicate conviction in a company's future. Renewable energy sector continues to attract significant investment.
Trading Insight
Consider a long position in Adani Green, watching for further institutional accumulation and progress on capacity targets.
Key Evidence
- •BNP Paribas bought 6.9 lakh shares of Adani Green worth Rs 56 crore.
- •Morgan Stanley sold shares in the block deal.
- •Adani Green reported a net loss in the December quarter.
- •Power supply revenue and EBITDA grew over 20%, driven by 5.6 GW new capacity.
- •Company is on track for its 50 GW target.
Affected Stocks
ADANIGREENAdani Green Energy Ltd.
Positive
Institutional buying signals confidence in growth despite recent loss.
Sectors:auto
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