−22% from the high · +67% from the low
Long unwinding into a 26-day expiry: futures OI −5.2% on a −0.1% day, the most call OI sits at 1,300, the most put OI at 1,300, max pain 1,300.
ADANIGREEN futures closed at ₹1,287.40, +0.9% to spot, with 99% of open interest in the 27 Oct contract, and the 1,280 straddle prices a move of about ±7.2% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,287.40 | +11.30+0.9% | +12% | 38,000▼ −5.3% · −2,100 lots | 99 | 7,000 |
| 23 Nov53 days | ₹1,292.20 | +16.10+1.3% | +8.7% | 410▼ −1.2% · −5.0 lots | 1.1 | 130 |
| 29 Dec89 days | ₹1,291.40 | +15.30+1.2% | +4.9% | 20▲ +42.9% · +6.0 lots | 0.05 | 13 |
1.1% of futures OI sits beyond the 27 Oct contract · 36 of 48 listed contracts traded · 23,000 option contracts changed hands
The 1,280 straddle closed at ₹91.65 (call 49.30 + put 42.35), pricing a move of about ±7.2% by the 27 Oct expiry. In the last 253 windows of 19 sessions, ADANIGREEN moved more than that 135 times.
After the last 8 bulletins, ADANIGREEN closed higher five sessions later in 2 of 6.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 28 SeptGoogle India AI hub receives clearance for 2.51GW power capacity | ▼ −4.8%Nifty −1.6% · −3.2 pp | ▼ −2.8%Nifty −1.8% · −1.0 pp | —not reached | ▲ +1.6%short build-up |
| 25 SeptAdani Airports plans $10 billion expansion for capacity boost | ▲ +1.3%Nifty +0.3% · +0.9 pp | ▼ −3.5%Nifty −1.2% · −2.3 pp | —not reached | ▼ −0.5%short covering |
| 24 SeptBengaluru firm wins bid for army's software-defined radios | ▼ −1.6%Nifty −1.6% · 0.0 pp | ▼ −0.3%Nifty −1.3% · +1.0 pp | ▼ −1.9%Nifty −4.4% · +2.5 pp | ▲ +0.1%short build-up |
| 23 SeptBengaluru firm wins army order for 600 SDR units | ▼ −1.6%Nifty −1.6% · 0.0 pp | ▼ −0.3%Nifty −1.3% · +1.0 pp | ▼ −1.9%Nifty −4.4% · +2.5 pp | ▲ +0.1%short build-up |
| 21 SeptAdani Group secures $1 billion equity and $2.5 billion refinancing | ▼ −2.3%Nifty +0.3% · −2.6 pp | ▼ −2.3%Nifty −0.1% · −2.2 pp | ▼ −7.5%Nifty −2.4% · −5.0 pp | ▼ −0.3%long unwinding |
| 20 SeptAdani secures $1 billion equity and $2.5 billion refinancing | ▼ −2.3%Nifty +0.3% · −2.6 pp | ▼ −2.3%Nifty −0.1% · −2.2 pp | ▼ −7.5%Nifty −2.4% · −5.0 pp | ▼ −0.3%long unwinding |
| 20 AugAdani Enterprises attracts institutional investors amid recovery | ▲ +0.7%Nifty +0.6% · 0.0 pp | ▲ +2.1%Nifty +0.7% · +1.4 pp | ▲ +2.8%Nifty +0.1% · +2.7 pp | ▲ +1.4%long build-up |
| 29 JulAdani Energy QIP raises ₹3,500 cr, oversubscribed three times | ▼ −0.3%Nifty +1.1% · −1.4 pp | ▼ −1.4%Nifty +1.4% · −2.8 pp | ▲ +0.2%Nifty +2.7% · −2.5 pp | ▲ +0.6%short build-up |
Revenue ₹4,431 cr, +17% on a year earlier; profit ₹983 cr, +19% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 22 Jul | ₹4,431 cr | ▲ +17% | ₹983 cr | ▲ +19% | 5.05 | ▼ −4.5%Nifty −0.8% · −3.7 pp |
| Mar 2026filed 24 Apr · audited | ₹3,502 cr | ▲ +14% | ₹514 cr | ▲ +34% | 2.33 | ▼ −0.5%Nifty +0.8% · −1.3 pp |
| Dec 2025filed 31 Dec | ₹2,618 cr | ▲ +11% | ₹5 cr | ▼ −99% | -0.38 | ▲ +0.8%Nifty +0.7% · +0.1 pp |
| Sept 2025filed 28 Oct | ₹6,808 cr | ▲ +120% | ₹1,468 cr | ▲ +190% | 7.70 | ▲ +10.8%Nifty +0.5% · +10.3 pp |
| Jun 2025filed 28 Jul | ₹3,800 cr | ▲ +34% | ₹824 cr | ▲ +31% | 4.26 | ▲ +2.9%Nifty −0.6% · +3.5 pp |
| Mar 2025filed 28 Apr · audited | ₹3,073 cr | ▲ +22% | ₹383 cr | ▲ +24% | 1.26 | ▼ −2.0%Nifty 0.0% · −2.0 pp |
| Dec 2024filed 23 Jan | ₹2,365 cr | ▲ +2.3% | ₹474 cr | ▲ +85% | 2.92 | ▼ −1.8%Nifty −0.5% · −1.3 pp |
| Sept 2024filed 22 Oct | ₹3,055 cr | ▲ +38% | ₹515 cr | ▲ +39% | 1.54 | ▲ +1.1%Nifty −0.1% · +1.2 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹16,728 cr | ▲ +48% | ₹2,811 cr | ▲ +40% | 13.91 |
| FY25to Mar 2025 | ₹11,327 cr | ▲ +23% | ₹2,001 cr | ▲ +59% | 8.35 |
| FY24to Mar 2024 | ₹9,234 cr | — | ₹1,260 cr | — | 6.20 |
ADANIGREEN trades at 87 times trailing earnings against 19 for its industry, 7.0 times book value, revenue +41% over twelve months, market cap ₹2,10,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| NTPCNTPC Limited | 3,10,000 cron 1 Oct | 11consolidated | 1.4 | ₹315.10 |
| ADANIGREENAdani Green Energy Limited | 2,10,000 cron 1 Oct | 87consolidated | 7.0 | ₹1,276.10 |
| JSWENERGYJSW Energy Limited | 89,000 cron 1 Oct | 44consolidated | 2.6 | ₹485.00 |
| NTPCGREENNTPC Green Energy Limited | 77,000 cron 1 Oct | — | 4.0 | ₹91.10 |
| NHPCNHPC Limited | 72,000 cron 1 Oct | 19consolidated | 1.5 | ₹71.75 |
| NLCINDIANLC India Limited | 35,000 cron 1 Oct | — | 1.4 | ₹253.20 |
| ACMESOLARAcme Solar Holdings Limited | 31,000 cron 1 Oct | — | 6.0 | ₹432.55 |
| SJVNSJVN Limited | 23,000 cron 1 Oct | — | 1.6 | ₹57.90 |
| NAVANAVA LIMITED | 16,000 cron 1 Oct | — | 1.4 | ₹552.50 |
| CLEANMAXClean Max Enviro Energy Solutions Limited | 15,000 cron 1 Oct | — | 2.8 | ₹1,299.80 |
| JNPRJuniper Green Energy Limited | 15,000 cron 1 Oct | — | — | ₹268.25 |
| VEDPOWERVedanta Power Limited | 13,000 cron 1 Oct | — | — | ₹32.75 |
| JPPOWERJaiprakash Power Ventures Limited | 10,000 cron 1 Oct | — | 0.80 | ₹14.80 |
| RPOWERReliance Power Limited | 8,000 cron 1 Oct | — | 0.50 | ₹19.40 |
| GMRP&UIGMR Power and Urban Infra Limited | 8,000 cron 1 Oct | — | 3.8 | ₹101.85 |
| KPIGREENKPI Green Energy Limited | 6,800 cron 1 Oct | — | 2.1 | ₹345.60 |
| UELUjaas Energy Limited | 6,100 cron 1 Oct | — | 69 | ₹183.65 |
| RTNPOWERRattanIndia Power Limited | 3,600 cron 1 Oct | — | 0.78 | ₹6.75 |
| GIPCLGujarat Industries Power Company Limited | 2,700 cron 1 Oct | — | 0.71 | ₹174.85 |
| INAInsolation Energy Limited | 1,900 cron 1 Oct | — | 2.4 | ₹87.00 |
| KPELK.P. Energy Limited | 1,500 cron 1 Oct | — | 2.8 | ₹218.00 |
| GREENPOWEROrient Green Power Company Limited | 1,000 cron 1 Oct | — | 0.89 | ₹8.75 |
| SURANAT&PSurana Telecom and Power Limited | 220 cron 1 Oct | — | 1.1 | ₹16.00 |
| INDOWINDIndowind Energy Limited | 140 cron 1 Oct | — | 0.44 | ₹8.45 |
| ENERGYDEVEnergy Development Company Limited | 69 cron 1 Oct | — | — | ₹14.50 |
| KARMAENGKarma Energy Limited | 42 cron 1 Oct | — | 1.0 | ₹36.35 |
| GVKPILGVK Power & Infrastructure Limited | — | — | — | — |
Promoters hold 62.4%, foreign portfolio investors 11.8%, mutual funds 3.5% and insurance companies 1.3%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 62.430.00 pp | 62.430.00 pp | 62.430.00 pp | 62.43▲ +0.52 pp | 61.91 |
| Foreign portfolio investors | 11.84▲ +0.74 pp | 11.10▼ −0.32 pp | 11.42▲ +0.13 pp | 11.29▼ −0.29 pp | 11.58 |
| Mutual funds | 3.49▲ +0.27 pp | 3.22▲ +0.25 pp | 2.97▲ +1.33 pp | 1.64▲ +0.13 pp | 1.51 |
| Insurance companies | 1.32▲ +0.01 pp | 1.310.00 pp | 1.310.00 pp | 1.31▼ −0.01 pp | 1.32 |
| Banks and financial institutions | 0.01▼ −0.02 pp | 0.030.00 pp | 0.030.00 pp | 0.030.00 pp | 0.03 |
| Individual investors | 3.05▼ −0.88 pp | 3.93▲ +0.06 pp | 3.87▲ +0.01 pp | 3.86▼ −0.09 pp | 3.95 |
| Bodies corporate | 0.47▼ −13.94 pp | 14.410.00 pp | 14.41▼ −1.49 pp | 15.90▼ −0.21 pp | 16.11 |
| Other foreign holders | 17.25▲ +13.83 pp | 3.420.00 pp | 3.420.00 pp | 3.42▼ −0.04 pp | 3.46 |
| Others | 0.14▼ −0.02 pp | 0.16▲ +0.02 pp | 0.14▲ +0.02 pp | 0.12▼ −0.01 pp | 0.13 |
Nothing upcoming on record; the last was a Annual General Meeting, ex-date 14 Jun 2024.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 14 Jun 2024 | otherAnnual General Meeting | — | — | NSE |
ADANIGREEN is −1.5% over 20 sessions against Nifty's −6.2%, 22% below its 52-week high, realised volatility 32% annualised.
| Window | From ₹ | ADANIGREEN % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,047.36 | ▲ +22% | ▼ −9.1% | +31 |
| 120 sessionssince 9 Apr | ₹1,044.53 | ▲ +22% | ▼ −5.7% | +28 |
| 60 sessionssince 8 Jul | ₹1,504.66 | ▼ −15% | ▼ −6.1% | −9.1 |
| 20 sessionssince 2 Sept | ₹1,296.06 | ▼ −1.5% | ▼ −6.2% | +4.7 |
| 5 sessionssince 24 Sept | ₹1,280.07 | ▼ −0.31% | ▼ −2.8% | +2.5 |
| 1 sessionsince 30 Sept | ₹1,278.02 | ▼ −0.15% | ▼ −0.88% | +0.73 |
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