Adani Power Shares hit All time high,  What should you do? Sell or hold, check complete detail

All time high

Adani Power shares hit all time high of ₹. 432.50 today on the news of DB power Ltd. Clocking 5% upper circuit on the BSE.

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Higher high

Adani Power stock stands higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages

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300% + in 2022

Adani power stock has risen 327% i year 2022 only. All Adani group stocks are on the peak this year.

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DB Power Ltd

The stock has rose 5% upper circuit today on the news of buying DB power Ltd. for 7017 crores.

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Low was the history

The share hit a 52-week low of Rs 69.95 on August 24, 2021. Last year was a bad year for Adani power but this year is the best for them

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Rally all over

With today's rally, Adani Power stock has zoomed 514 per cent from its 52-week low on BSE.

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The deal

This acquisition's initial term of the MoU would be till October 31, 2022, but can be extended further on mutual agreement, said the firm in a filing to the exchanges.

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The future of Adani power

The short term target for Adani Power is ₹. 477. The investors may book profit.

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