Adani Power shares climbed 9% in a month; here’s what analysts say
Shares of Adani Power Ltd settled 2.92 per cent higher at Rs 528.60 on Thursday, translating into an uptick of 9.44 per cent in the past one month. The stock saw high trading volume today as around 13.71 lakh shares changed hands on BSE. The figure was higher than the two-week average volume of 4.91 lakh shares. Turnover on the counter came at Rs 72.44 crore, commanding a market capitalisation (m-cap) of Rs 2,03,877.79 crore.
Analysts largely remained divided on the counter as a few said it is trading “within a narrow range” and decisive either-side move can only signal near-term direction. In contrast, some analysts suggested that Adani Power may climb up to Rs 650 in the short term.
Osho Krishan, Senior Analyst – Technical &…
