By Admin 
Adani power share: The shares of many companies of Adani Group are seeing a boom today. The most bounce has come in the stock of Adani Power. In the first early trade, its shares fell from Rs 709.05 to 80 percent on Friday. The company has announced stock splits in the ratio of 1: 5. That is, every share of a face value of Rs 10 will now be divided into five shares of 2 rupees. After this, the price of shares was adjusted at Rs 141.81. Even though the price of each share decreases, since investors will have five shares instead of one share, there will be no change in its total investment price.
Share shock after opening
In this way, the opening of the stock took place at Rs 148.20, but shortly after it fell to Rs 147.30. In fact, after the stock split, these settles were settled in view of the company’s more number of shares in the stock market, causing a huge decline of 80 percent in the shares. However, it had no effect on the company’s market value.
After this, the stock caught such a pace that he jumped 20 percent and crossed its 52-week high level 168.80 rupees and reached Rs 170.20. Let us know that a record date was fixed on 19 September for stock split. Only those investors will get the benefit of stock split, who had Shares of Adani Power in the demat account till the business session on Friday. Suppose if someone had 100 shares of Adani Power till Friday, then after the stock splt in the ratio of 1: 5, they will now have 500 shares of the company. However, the value of investment will remain the same, only the price per share will be reduced.
Adani Power shares give great returns
Due to the stock split, it will also attract a large number of small investors. With the low price of share, investors will be able to invest in small parts, which will increase the liquidity of the shares. Adani Power shares have given more than 50 % return in the last 6 months. Whereas in two years, it has made 100 percent of its investors profit. Adani Power shares have given tremendous returns of up to 1700 percent in the last five years, so there has been constant enthusiasm in the market.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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