Why adani green shares are falling? When will it recover? Is there any speculation?

Why adani green shares are falling? When will it recover? Is there any speculation?

Adani Green Energy is the only listed company in the pure renewable energy sector. Therefore it has no peers for us to compare its valuation with. Most stocks with high PE ratios have a moat or enjoy a monopoly/duopoly in the market and investors tend to see beyond numbers. Investors here seem to be considering the massive demand and growth potential in renewable energy in the forthcoming several years.

Why is it hitting LC? Well the rally has to end at some point right? We had a similar LC-UC movement in another moat company IRCTC recently. If you are a long term investor and have properly researched the company, you shouldn’t worry too much about these circuit-to-circuit movements.