Today's news about Adani Green Energy shares comes after a subsidiary commissions a solar power project in Bikaner.

Following the completion of the commissioning of the whole 150 MW solar power plant at Bikaner, Rajasthan, by the Adani Group company's wholly owned stepdown subsidiary Adani Solar Energy Jaisalmer Two Private Ltd., shares of Adani Green Energy Ltd. are in the news today. Shares of Adani Green Energy closed Friday's trading session 0.15% higher at Rs 960.75 compared to the previous BSE closing of Rs 959.30. The company's market value increased to Rs 1.52 lakh crore. A total of 0.19 lakh shares were exchanged, totaling Rs 1.83 crore in turnover.

In the previous session, the opening price of the Adani Green Energy shares was higher at Rs 960. Shares of Adani Green Energy have dropped 49.14 percent since the start of this year and 56.38 percent over the past year. The stock's beta in the most recent year was 0.9, indicating modest volatility. On November 9, 2022, the large-cap stock reached a 52-week high of Rs 2259.15, and on February 28, 2023, it reached a 52-week low of Rs 439.35.

Technically speaking, Adani Green Energy's relative strength index (RSI) is at 39.4, indicating that the stock is neither overbought nor oversold. Shares of Adani Green are now trading below the 150-day moving averages, but above the 5-20-50-100-200-day moving averages.

The project has been given the go-ahead to manufacture its own electricity for sale to consumers or on power exchanges.