StocksMedium•22 October 2026•
1 min read
Adani Green Energy Shares Drop 4% Despite Surge in Power Supply Revenue
Key Facts
1Adani Green Energy shares dropped 4% following the announcement of its second-quarter financial results.
2Revenue from power supply increased by 45% year-on-year to Rs 4,019 crore.
3Jefferies maintained a 'Buy' rating on the stock, while JM Financial kept an 'Add' rating.
Adani Green Energy shares dropped 4% following the announcement of its second-quarter financial results. The Economic Times reported that revenue from power supply increased by 45% year-on-year to reach Rs 4,019 crore.
Major financial institutions maintained positive outlooks on the stock despite the price decline, with Jefferies maintaining a 'Buy' rating and JM Financial keeping an 'Add' rating. While EBITDA margins showed improvement, the stock experienced selling pressure following the financial disclosures on October 22, 2026.