Adani Power Ltd Sees 30.37 Million Shares Traded, Ranking Among Top Volume Stocks Today

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 30,368,661 shares and a total traded value of approximately Rs 51,477.92 lakhs. The stock opened at Rs 168.05 and reached an intraday high of Rs 171.75, reflecting a 3.48% increase during the trading session. As of the latest update, the last traded price stands at Rs 168.22.
In terms of performance, Adani Power has outperformed its sector by 1.41%, marking a notable achievement. The stock has shown consistent gains over the past two days, accumulating a return of 7.4% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume on October 17 falling by 5.65% compared to the 5-day average. Despite this, the stock remains liquid enough for trading, with a liquidity level based on 2% of the 5-day average traded value sufficient for a trade size of Rs 37.44 crores. Overall, Adani Power's performance today reflects a robust position in the market, characterized by significant trading activity and positive returns.