Adani Power Shows Strong Trading Activity and Consistent Upward Momentum

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 3,274,045 shares and a total traded value of approximately Rs 200.25 crores. The stock opened at Rs 604.40 and reached a day high of Rs 616.90, reflecting a notable intraday increase of 2.09%. The previous close was recorded at Rs 602.15.
In terms of performance, Adani Power has outperformed its sector by 1.46% and has shown a consistent upward trend, gaining for the last four consecutive days with a total return of 5.08% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish momentum.

Investor participation has also seen a rise, with a delivery volume of 162,100 shares on July 9, which is up by 2.19% compared to the 5-day average delivery volume. The liquidity of the stock remains robust, accommodating trade sizes of approximately Rs 6.64 crores based on 2% of the 5-day average traded value.

Overall, Adani Power's performance today highlights its strong market position and active trading dynamics within the large-cap power sector.