Adani Power Ltd Sees 13.1 Million Shares Traded, Ranking Among Top Volume Movers

Adani Power Ltd, a prominent player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 13,131,324 shares and a total traded value of approximately Rs 21,938.50 lakhs. The stock opened at Rs 164.45 and reached a day high of Rs 168.40, closing at Rs 167.85, reflecting a 1.57% increase in its one-day return, outperforming its sector, which saw a return of 0.24%.
Adani Power's performance is notable as it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory. However, there has been a significant decline in investor participation, with delivery volume dropping by 65.05% compared to the 5-day average, totaling 1.8 crore shares on October 23.

With a market capitalization of Rs 3,23,693.60 crore, Adani Power remains a large-cap stock, demonstrating sufficient liquidity for trades sized at Rs 39.27 crore, based on 2% of the 5-day average traded value. Overall, Adani Power's performance today highlights its active trading status and resilience in the market.