Adani Power Share Price: Adani Group Companies Perform Strongly in the Stock Market
Shares of Gautam Adani-led companies, including Adani Power, Adani Ports and Special Economic Zone, and NDTV, witnessed significant gains in yesterday’s trading session. Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmer, Ambuja Cements, and ACC also recorded positive growth. The surge in Adani Group shares can be attributed to the company’s promoter group increasing its stockholding in Adani Enterprises and Adani Ports and Special Economic Zone. This development prompted investors to buy shares of Adani group companies.
Adani Group Expands with Joint Venture for Green Ammonia and Green Hydrogen
Adani Group has announced a joint venture with Japan’s Kowa Group to sell green ammonia and green hydrogen. Both companies will invest 50 percent each in the joint venture. This move highlights Adani Group’s commitment to sustainable energy solutions and marks another significant expansion for the conglomerate.
Adani Power Share Price Fluctuates in Recent Trading Sessions
Adani Power’s share price experienced fluctuations in recent trading sessions. While the company’s shares traded at Rs 397.30, up 8 percent in yesterday’s session, they closed down 3.36 percent at Rs 385.00 today. Adani Power’s shares have shown significant volatility, reaching a 52-week low of Rs 132.55 in February 2023 but subsequently gaining almost 200 percent since then.
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