- By Aditya Pratap Singh
- Tue, 02 Apr 2024 11:16 AM (IST)
- Source:JND
Adani Power share price: Adani Power share price reached its 5 percent upper circuit for the second consecutive session on Tuesday i.e April 2. The power stock of Adani Group opened at Rs 575 against it last close of Rs 560.45. Initially the share price rose 2.4 percent and soon the stock gained 5 percent to reach its upper circuit of Rs 588.45 on the NSE.
Following the announcement that Mukesh Ambani led Reliance Industries had acquired a 26 percent stake in Gautam Adani's Madhya Pradesh power project and signed an agreement to utilize the plant's 500 MW of power for captive use, the stock had also touched its 5 percent upper circuit in the previous trading session as well.
Adani Power stock recent history
On December 6 last year, the stock hit its 52-week high of Rs.589.30 and its 52-week low of Rs.185.10 on April 19 last year. The stock is up nearly 218 percent from its 52-week low at the current market price of Rs.588.35 on BSE. The stock has already seen a significant increase of over 10 percent in April on a monthly basis. Adani Power share price dropped by more than 2% in February, followed by a nearly 3 percent decline in March.
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Other Adani Group stocks trading in green
Adani Enterprises- The shares of Adani Enterprises were trading flat at Rs 3,252.10 at around 10:44 am.
Adani Total Gas- Adani Total Gas srock was trading in green at Rs 973.40, up by o.41 percent at around 10:46 am.
Adani Port & Special Economic Zone- The Adani stock was trading in green at 1,408.50, up by 2.3 percent at around 10:48 am.
Ambuja Cement - The sock was trading at Rs 623.65, up by 0.3 percent at around 11:10 am.
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Disclaimer: This is a news on performances of shares only. Jagran does not advise to investing. Please consult with experts before investing.