Adani Power Share Witness Huge Buying In Market Share Up By 19 Percent – Adani Power Share is increasing by 19% every day; Shares of another Adani Group company under discussion | Maharashtra Times

Mumbai: Shares of Adani Group, which has been expanding rapidly during the Corona crisis, are currently on a bullish wave. Adani Power is now trading heavily in the capital market after its strong performance last week. Adani Power has gained 19 per cent in two consecutive sessions.

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Shares of Adani Power opened at Rs 112 on Monday. It jumped to a high of Rs 126.5 during the day. It rose 19 per cent yesterday. Shares of Adani Power rebounded on Tuesday. At the close, Adani Power closed 19.65 per cent higher at Rs 151.90. On May 31, 2021, Adani Power’s share price was Rs 93.8.

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In the first quarter of January-March, the company’s revenue was Rs 6,902.01 crore. It was down 2.78 per cent from the third quarter. On a year-on-year basis, revenue declined by 9.08 per cent. However, analysts are also skeptical as the stock is bullish. The Adani Group has expanded over the past year by investing in new areas. During the same period, the wealth of Gautam Adani, the head of the group, has also increased tremendously.

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Shares of Adani Enterprises had risen 30 per cent in the past week. The BSE Sensex has gained 1.5 per cent during the same period. Adani Enterprises has a market capitalization of Rs 18,709.69 crore, surpassing Adani Total Gas. Adani Enterprises is now only 10 per cent away from becoming the most valuable company in the Adani group. Adani Energy is the leading company in the group with a market capitalization of Rs 1.99 lakh crore.