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Adani Green is a red-hot performer, but domestic mutual funds give it a miss. Here’s why.

In terms of market performance, AGEL has been an outlier in a country where publicly traded renewable-energy companies have failed to generate returns for investors. But despite its stellar performance, domestic mutual funds have stayed away from the stock and it continues to be absent from the coverage universe of brokerages. Are they finding its volatility too much to handle?
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10 Aug 2020 12 Mins Read 0 comment
Pylons carrying the electricity harvested by solar farms in Pavagada Getty Images
Pylons carrying the electricity harvested by solar farms in Pavagada
“In today’s world, climate adaptation cannot be considered independent of economic development priorities and both, job creation as well as decarbonisation must be simultaneous objectives,” Adani Group Chairman Gautam Adani recently said after Adani Green Energy Ltd (AGEL) won the first of its kind manufacturing-linked solar agreement from the Solar Energy Corporation of India (SECI). Coming from
wind on its sails, but big investors are yet to warm up to its stock. Perhaps, the stock will enter their watchlists once numbers play a catch-up game and justify its position as India’s 51 st most-valued company by market capitalisation. ( With inputs from Varsha Santosh; research support by Rochelle Britto) (Graphics by Mohammad Arshad)
“In today’s world, climate adaptation cannot be considered independent of economic development priorities and both, job creation as well as decarbonisation must be simultaneous objectives,” Adani Group Chairman Gautam Adani recently said after Adani Green Energy Ltd (AGEL) won the first of its kind manufacturing-linked solar agreement from the Solar Energy Corporation of India (SECI). Coming from wind on its sails, but big investors are yet to warm up to its stock. Perhaps, the stock will enter their watchlists once numbers play a catch-up game and justify its position as India’s 51 st most-valued company by market capitalisation. ( With inputs from Varsha Santosh; research support by Rochelle Britto) (Graphics by Mohammad Arshad)

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