September 20, 2024

Gautam Adani: A news and a race to buy Adani’s shares of this company, the upper circuit has been buzzing since 7 days – why shares of gautam adani’s company adani power share price rising


New Delhi: There is a tremendous boom in the shares of Adani Group companies. The group’s shares had taken a beating since the report of American research firm Hindenburg came out on January 24. The shares of Adani Group were declining for more than a month. During this, many stocks also reached their lowest level ever. However, now the shares of Adani are seeing a boom. But the maximum speed in these stocks is being seen in the shares of Adani Power Limited. For the last seven days, the stocks of Adani Power are running in upper circuit. There is a rush among investors to buy it. The stock opened on the upper circuit of Rs 195.90 this morning with a gain of five per cent. There is a line of investors in the stock. At one time, after the Hindenburg report, this stock had seen the biggest decline. This stock had reached its lowest level. Now it is seeing a boom again.

Adani Group Shares: Stormy boom in Adani’s shares as soon as the market opens, upper circuit in 3, what is the secret of this boom

Why are upper circuits being installed in Adani Power

This rise in the shares of Adani Power has come after a news. In fact, Adani Power, a company of Adani Group, has merged its six subsidiary companies with itself. The National Company Law Tribunal had approved the merger of these companies with APL in the month of February. Adani Power has also sent its information to BSE. Adani Power Adani Power Maharashtra Ltd. (APML), Adani Power Rajasthan Ltd.(APRL), Udupi Power Corporation Ltd. (UPCL), Raipur Energen Ltd. (REL), Raigarh Energy Generation Ltd. (REGL) and Adani Power (Mundra) Ltd. has merged with itself.

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Bumper boom in shares since February 27

The shares of Adani Power have been witnessing a steady rise since 27th February. For the last seven days, the shares of Adani Power are continuously witnessing upper circuit. The stock has gained more than 21 per cent so far. The shares of the company have gained more than 12 per cent in the last one month. Investors are bullish on stocks. Investors are hopeful that the shares of Adani Power can see further gains now. Due to the fall in the shares for more than a month, investors have also suffered a lot of losses.



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