How is it that the growth is precisely 5% ? Is there something that ADANIGREEN does? What exactly goes on there?
This is due to Supply and Demand mismatch, as there are more buyers interested in purchasing the stock and very less sellers willing to sell, the stock is hitting Upper Circuit.
I Assume you are telling movement of share price .
Adani Green Currently has a circuit limit of 5% , meaning that is the maximum up or down move it can make for a particular day is 5% from previous day close. Since there is huge demand for the stock , the price is locked at the upper range of the circuits.
These circuit limits are set by the exchanges and are revised frequently .
Aah, makes total sense. Thanks a lot!