Recent Price Movement and Market Context
Adani Power’s shares have been under pressure over the past week, registering a decline of 5.12%, significantly underperforming the Sensex, which remained almost flat with a marginal 0.06% gain. The one-month performance paints a similar picture, with the stock falling 13.24% while the benchmark index rose by 0.82%. This short-term weakness contrasts sharply with the stock’s strong year-to-date (YTD) gains of 37.48%, which comfortably outpace the Sensex’s 8.65% rise.
The stock has also been on a three-day losing streak, shedding nearly 4% during this period. Intraday trading on 24-Nov saw the price touch a low of ₹144.95, reflecting a 2.82% drop from the previous close. Notably, the weighted average price indicates that a larger...
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