Adani Power’s 80% Price Drop Is Stock Split Adjustment
Ahmedabad, September 22: The shares of Adani Power Limited appeared to crash by up to 80% in early trade as the stock turned ex-split, reflecting a 1:5 share sub-division. The price adjusted from Friday’s close of ₹716 to a day’s low near ₹147 on the NSE, a move that mirrors the higher number of shares now outstanding rather than a decline in actual value. Stock splits reduce the per-share price proportionally to maintain the overall investment value for shareholders, ensuring no real monetary loss.
For example, if you have bought 1 share of a company at ₹1,000, your investment value would have been ₹1,000. However, after the stock split, the 1 share is subdivided into 5 shares, and the price adjusts from ₹1,000 to…
