Adani Power Ltd. is a leading thermal power-producing company in India, which is showing an impressive streak of achievements and advancements. Their shares have increased rapidly to an all-time high in the latest session with a 5 percent increment. Today, they’ve marked a striking peak of ₹617.85 on the Bombay Stock Exchange (BSE). Adani Power Limited has had an impressive rise of 18.4% in just four trading days. In the last 52 weeks, starting from April 19, 2023, when the share price was at its lowest point being ₹185.10, they have managed to break a record in the sector as they rose by 230% consecutively.
Adani Power hustled a lot and they became the 37th most valuable firm on the BSE with ₹2.33 Lakh Crore. As of today, their shares have gained an admirable 15.3 % growth since the start of the year. Adani Power is overshadowing most of the well-known payers in the sector like JSW Steel, Tata Steel, Zomato, and many
more.
Mahan Energen Ltd. a subsidiary of Adani Power Ltd. has hammered out an agreement of 20 years with Reliance Industries for a 500 MW electricity supply from their Mahan Thermal Power Plant. With this huge step now India can meet their escalating power demands, specifically in coal-based thermal power.
Analysts are cheerful over the performance of the share, actually everyone has acknowledged its potential. The stock has proved its levels by providing a record trajectory, and will attain many heights. “The stock has dynamically moved toward record levels, poised for further gains. With ₹560 serving as a strong support, an assertive push beyond ₹600 could further energize its bullish trend,” stated Osho Krishan, a Senior Research Analyst at Angel One. Hence Adani Power’s achievements are providing great abutment forces in India’s growth.
