Adani Group Stock Jumps 3% After BNP Paribas Buys 6.9 Lakh Shares in the Company

Synopsis: A stock with 3 year profit CAGR of 56 percent has now gained over 3 percent after BNP Paribas bought 6.9 lakh shares in a block deal, signaling renewed institutional interest.

A large-cap stock in the business of renewable energy generation saw its shares in the spotlight after BNP Paribas acquired 6.9 lakh shares via a block deal, while Morgan Stanley exited its position, indicating shifting institutional sentiment despite elevated valuations.

With a market cap of more than Rs 1.4 lakh crore, Adani Green Energy Ltd saw its stock hit an intraday high of Rs 868, which is percent higher than the previous close of Rs 839. The company stock is currently trading at a PE of 86 which is significantly higher than the industry average of 30.

News

In a major block deal, BNP Paribas Financial Markets acquired 6.9 lakh shares of Adani Green Energy. This significant acquisition by the French multinational firm highlights its strategic move to increase its stake in the renewable energy company, marking a notable entry point through the open market transaction.

On the other side of the trade, Morgan Stanley Asia (Singapore) Pte acted as the seller, and it offloaded its stake of 6.9 lakh shares. The block deal was executed at an average price of ₹808.30 per share, representing a 1 percent discount to the previous day’s closing price of ₹816.45. 

Earlier this year, on 21st January,2026  BNP paribas Financial Markets had sold shares worth Rs 136.6 Cr to financial institutions like Societe Generale and Goldman Sachs Bank Europe.

Business & Financial Overview

Adani Green Energy Ltd (AGEL) is India’s largest renewable power producer, specializing in utility-scale solar, wind, and hybrid projects. As of March 2026, it operates nearly 18 GW of capacity, highlighted by the massive 30 GW Khavda project. AGEL aims to achieve 50 GW of clean energy by 2030.

In the latest quarter, the company saw a YoY revenue growth of 12 percent, going from Rs 2,340 Cr in Q3FY25 to Rs 2,618 Cr in Q3FY26, while the QoQ went down by 13 percent from Rs 3,008 Cr in Q2FY26. The YoY Net Profits fell by 99 percent, as it went from Rs 474 Cr in Q3FY25 to Rs 5 Cr in Q3FY26, while the QoQ fell by 99 percent from Rs 644 Cr in Q2FY26.

The company has a 3 year sales CAGR of 30 percent, while the TTM is at 17 percent. The company’s 3 year profit CAGR is at 56 percent, while the TTM number is at 12 percent. The company also has a ROCE of 9 percent and a ROE of 15 percent.

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