For the past few months, many companies of Adani Group have performed well in the stock market, one of them is Adani Power.
The global equity market is currently reeling from the Russo-Ukraine war. But the Adani Power share has given excellent returns to its shareholders during this period as well.
Today the share price of Adani Power, the power business subsidiary of Adani Group, touched its lifetime high of Rs 220 on NSE.
Adani Power Limited has given tremendous returns of almost 100% to its investors in the last one month.
Full Details of Adani Power Limited:
Today we will know why the shares of Adani Power are increasing?
According to stock market experts, company has recently acquired Essar Power MP, which can be a reason for adani power share price increase.
Adani Power is also experimenting with the use of Liquidity Ammonia at APMUL's electricity plant in Mundra which could turn out to be a win-win for the company.
According to stock market experts, fuel rates are increasing in the global market, which will have a positive impact on Adani Power's Hydra Power project.
Adani Power is the largest private thermal power company in India. Adani Power has a total installed capacity of 12,410 MW across six power plants in India.
According to the Equitymaster Research report, Adani Power's revenue growth was 8.9% in the year 2017-18, 25.0% in 2018-19, 5.6% in 2019-20 and 1.1% in 2020-2021.
STOCK: Adani Power LtdNSE: ADANIPOWER
Work Area: thermal power producer
Mkt cap: 83.39TCr
P/E ratio: 298.62
52-wk high: 220.80
52-wk low: 70.35