Gautam Adani’s company showed ‘Power’ in falling market, shares at record high – Adani power jumps to new all time high pips ntpc in terms of market cap rallies over 300 percent this year tuts

Adani Power All Time High: The companies of Adani Group are continuously making new records by beating the moves of the stock market. Now a new name has been added to this episode of Adani Power. Today, when the market fell apart in Friday’s trading, Adani Power showed such a rally that the price of this stock reached a new all-time high (Adani Power All Time High). On the basis of this rally, Adani Power has now left behind the government company NTPC MCap in terms of market cap.

Upper circuit held everyday this week

Adani Power Upper Circuit was hit in today’s trading on the stock of Adani Power. Today on BSE, this stock opened at Rs 407.70 against the previous day’s closing level of Rs 399.40. At one point during the business, it jumped by 05 percent to reach Rs 419. However, later a major fall in the market put some restraint on its flight. After the close of trading, the stock of Adani Power closed at Rs 410.90, up 2.88 per cent. The rally of this stock can be gauged from the fact that it has hit the upper circuit every day this week. On the other hand, the BSE Sensex has closed down by more than 650 points today.

Now this is the market cap

Today, 22.61 lakh shares of Adani Power were traded, generating a turnover of Rs 92.96 crore. Right now the company’s m-cap on BSE has gone up to Rs 1,58,481.62 lakh crore. This is more than the mcap of Rs 1,53,013.39 crore of state-owned NTPC. In this way Adani Power has become the 36th largest company listed on BSE.

Adani Group of Companies Adani Transmission Ltd., Adani Total Gas Ltd., Adani Green Energy Ltd., Adani Enterprises Ltd., Adani Port and Special Economic Zone Ltd. (Adani Ports And Special Economic Zone Ltd) already has a mcap of more than Rs 1.50 lakh crore. At present, Adani Wilmar of the Adani Group is the only listed company whose mcap is less than Rs 01 lakh crore.

Adani Power has given multibagger return

Adani Power has consistently given multibagger returns to its investors. It has jumped about 15 per cent in the last five days. During the last one month, the stock price of Adani Power has risen by more than 35 per cent. Similarly, in the last six months, it has jumped about 240 percent. The stock has gained 307 per cent since the beginning of this year. On the other hand, in the last one year, the shares of Adani Power have gained about 425 percent. In today’s trade, it touched a level of Rs 419, which is its new 52-week high level.

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