Adani Power Ltd Surges with Rs 444.52 Crore in Trading Value 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 27,446,186 shares and a total traded value of approximately Rs 444.52 crores. The stock opened at Rs 157.26 and reached a day's high of Rs 164.38, reflecting a notable intraday increase of 3.74%. The last traded price stands at Rs 163.15, indicating a 3.75% return for the day, significantly outperforming its sector, which recorded a return of just 0.61%.
Adani Power's performance is further underscored by its trading position relative to moving averages, as it is currently trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a remarkable rise in investor participation, with a delivery volume of 16.2 million shares on October 16, marking an increase of 1038.32% compared to the 5-day average delivery volume.

With a market capitalization of Rs 3,03,348 crores, Adani Power continues to demonstrate strong liquidity, supporting trade sizes of up to Rs 26.84 crores based on 2% of the 5-day average traded value. Overall, Adani Power's performance today highlights its robust market position and active trading dynamics.