Shares of Adani Power Ltd closed on a flat note on Wednesday (April 10) at Rs 617.90, up 0.26% on BSE. Market cap of the Adani Group stock stood at Rs 2.38 lakh crore.
Shares of Adani Power Ltd fell after five sessions on Friday amid weakness in the benchmark indices. The Adani Group stock fell up to 3.73% to Rs 618.15 against the previous close of Rs 642.15.
Adani Power reported a significant boost in net profit to ₹2,738 crore in Q3 FY24, driven by increased revenues and higher sales volumes. The company s consolidated revenue from operations witnessed a robust 67.32% YoY growth.
Adani Power stock hit its 52-week high of Rs 470.90, climbing 23% in the last three sessions. However, the Adani Group stock saw profit-booking to hit an intraday low of Rs 433.55 on BSE.
Multibagger stock: In the current session, the Adani Group stock was trading at Rs 338.10 in the afternoon session on BSE, delivering 155.07% returns from its 52 week low.