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.


Higher high

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


300% + in 2022

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


DB Power Ltd

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


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


Rally all over

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


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.


The future of Adani power

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