Adani Power Ltd Continues Upward Trend with 114.64% Annual Gain
Adani Power Ltd rises for third straight session
Business Standard
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Adani Power Ltd shares rose by 1.24% to ₹230.12, marking a third consecutive session of gains. Over the past year, the stock has surged 114.64%, significantly outperforming the NIFTY index, which has declined by 1.65% during the same period.
- 01Adani Power Ltd shares rose 1.24% to ₹230.12.
- 02The stock has gained 114.64% over the past year.
- 03NIFTY index has decreased by 1.65% in the same timeframe.
- 04Adani Power's monthly gain stands at 40.95%.
- 05The stock's PE ratio is 39.91 based on trailing twelve months earnings.
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Adani Power Ltd shares are currently trading at ₹230.12, reflecting a 1.24% increase as of 12:49 IST on the National Stock Exchange (NSE). This marks the third consecutive session of gains for the company, which has seen a remarkable 114.64% rise in its stock price over the past year, especially when compared to the NIFTY index's decline of 1.65% and the 21.17% drop in the Nifty Energy index. In the last month alone, Adani Power has surged by 40.95%, while the Nifty Energy index has only increased by 15.63%. Today's trading volume for Adani Power stood at 316.98 lakh shares, significantly lower than the monthly average of 683.79 lakh shares. The benchmark May futures contract for Adani Power is priced at ₹231.41, up 1.49% for the day. The stock's price-to-earnings (PE) ratio is currently at 39.91, based on trailing twelve months earnings ending March 26.
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The significant rise in Adani Power's stock price may enhance investor confidence in the energy sector, potentially influencing future investments and job creation within the industry.
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