Adani Power shares surge 6% as trading volumes rise

Shares of Adani Power today rallied as much as 6% on the BSE to their day’s high of Rs 571.50 as the stock witnessed a significant spike in its trading volumes on both the exchanges.

Around 10:45 am on Wednesday, January 15, the stocks total traded quantity (TTQ) recorded on the NSE website was 268.63 lakh shares amounting to a value of Rs 1,474.58 crore.

Meanwhile, the company’s market capitalization around the same time stood at Rs 2,12,073.79 crore.


On BSE, the stock’s TTQ was 20.65 lakh shares, amounting to Rs 113.43 crore.

The stock’s 52-week high has been recorded at Rs 895.85 on NSE, which the shares made on June 3, 2024, whereas its 52-week low is Rs 432, made on November 21, 2024.

Also read: Adani Green Energy shares surge 6% on commissioning of 57.2 MW wind-solar hybrid project in Gujarat

Adani Power share performance

Adani Power stock has shown recent upward momentum, surging 8.49% in the past week and 3.83% over the last two weeks. However, looking at a longer timeframe, the stock has declined significantly, falling 13.61% over the past three months and 22.79% over the past six months.

Adani Power shares technical placement

On charts, Adani Power shares are placed above their short and medium term exponential moving averages (10, 20 and 50 DEMA), however, are below their long term averages, i.e., 100 and 200 DEMA, according to Trendlyne data.

On the relative strength indicator the stock is oscillating near the 55 mark, which is considered as a mid-range level on the indicator. RSI below 30 is considered oversold and above 70 overbought.

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