Adani Power Ltd Sees 6.33 Million Shares Traded Amid Active Session

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 6,332,454 shares and a total traded value of approximately Rs 94.17 crores. The stock opened at Rs 149.40, reaching a day high of Rs 149.59 before settling at a last traded price of Rs 147.70. This marks a decline of 0.70% for the day, underperforming the sector, which saw a slight decrease of 0.12%.
Over the past two days, Adani Power has experienced a consecutive fall, with a total decline of 2.47%. Despite this downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Notably, investor participation has increased, with a delivery volume of 3.85 crore shares on October 8, reflecting an 88.77% rise compared to the 5-day average.

With a market capitalization of Rs 2,84,912.08 crores, Adani Power continues to maintain a liquid trading environment, suitable for transactions of up to Rs 21.58 crores. Overall, the stock's performance today highlights a mix of increased trading activity and recent price challenges.