MULTIBAGGER ALERT! 

Adani Group stocks have seen a notable surge in value recently, with a significant recovery since a critical report by Hindenburg Research in January of the previous year.

Factors contributing to the rebound include investments by Qatar Investment Authority and GQG Partners, along with the group's efforts to reduce its debt.

Adani Green Energy, the largest renewable energy company in India, experienced a remarkable rally, with its shares growing by 82% over the last three months.

In the last one-year period, the shares soared by 295%, and over the last five years, they delivered an impressive return of 5720%.

Adani Green Energy recently began operations at the world’s largest renewable energy park in Khavda, Gujarat, with a capacity of 551 MW.

The company plans to develop 30 GW of renewable energy capacity at the Khavda RE park, aiming to be the largest renewable energy installation globally.

The RE park alone can power 16.1 million homes each year, and the company's current operating renewable portfolio is over 9 GW, the largest in India.

Adani Green Energy has set a target of achieving 45 GW by 2030, aligning with India’s decarbonization goals, and Moody's recently upgraded its rating from 'negative' to 'stable.'

The company is looking to raise $409 million through US dollar-denominated bonds to repay a debt obligation falling this year, marking its first overseas bond sale since the Hindenburg report.

Adani Green Energy's financials show a consolidated net profit improvement of 148.54% to ₹256 crore in Q3 FY23, with consolidated revenue from operations surging by 40.30% YoY to ₹1,765 crore.