Adani Power Share: Adani’s business is gaining momentum, these renowned institutions acquired their stake in this company.

Adani Power Share: Adani’s company once again seems to be gaining momentum in the stock market. In this sequence, the shares of Adani Power have been witnessing a continuous increase for the last few days. Under this, two institutions have acquired 2.2% stake in Adani Power this month. According to the news, two units of the company’s promoter group, Fortitude Trade and Investment Limited and Emerging Market Investment Limited, have taken 2.2% stake in Adani Power by purchasing shares in this company.

Regarding this, it is being said that despite facing all the ups and downs, Adani Power is once again gaining momentum in the stock market.

Continuously increasing investment

Let us tell you that investment in Adani Power seems to be increasing continuously. It is being said that Adani Power has done good business this September and has achieved continuous growth in its investment by following the prescribed terms and conditions. Under this, Fortitude Trade and Investment Limited and Emerging Market Investment Limited have expressed their confidence in Adani Power and decided to take 2.2% stake in the company. During this period, Fortitude Trade and Investment has acquired 1.71% stake by purchasing 65847000 shares, while a unit named Emerging Market Investment has acquired 0.5% stake in the company by purchasing 19200000 shares.

Share prices are continuously increasing

Let us tell you that with the passage of time, there has been an increase in the share prices of Adani Power. Under this, today the share price was recorded at Rs 374.40. If we talk about the last six months, then its price used to be Rs 173. In such a situation, it can be seen that the company has increased its share tremendously with the passage of time.

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