Adani Power shares zoom 27% in 2 days; company clarifies on stock price movement
Shares of Adani Power Ltd extended their gains for the second consecutive session in Wednesday’s trade. The stock jumped 6 per cent to hit a day high of Rs 571.50. At this price, it has ascended by 26.96 per cent in two trading days.
BSE and NSE have sought clarification from the company on the share price movement. Adani Power, in response, said, “We would like to submit that the movement in the share volume of any company is purely due to market conditions and absolutely market driven. The management of the Company neither has any control nor has any knowledge of the reasons for the increase in volume of equity shares of the company.”
The stock saw high trading volume on BSE today as 27.46 lakh shares were last seen changing hands…
