adani power stock

Adani Power shares tumble 6% on profit booking after 35% rally in 3 days

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Adani Power shares tumble 6% on profit booking after 35% rally in 3 days

Shares of Adani Power declined as much as 6% to their day’s low of Rs 160.25 on the NSE on Tuesday, September 23, after investors booked profit following a massive 35% surge in the counter after the company’s 1:5 stock split and positive brokerage views amid SEBI‘s clean chit on stock manipulation. The stock turned … Read more

Adani Power shares rise 2% after board approves 1:5 stock split

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Adani Power shares rise 2% after board approves 1:5 stock split

Adani Power shares rose nearly 2% to Rs 575 in Monday’s trade after the company announced a 1:5 stock split, aimed at improving retail participation. The board has approved subdividing each equity share of face value Rs 10 into five shares of face value Rs 2. “The subdivision of shares is intended to encourage wider … Read more