Shares of Adani Power Ltd have recovered over 300% from their 52-week low this year. The Adani Group stock, which fell to a 52-week low of Rs 132.55 on February 28, 2023, ended at Rs 562.05 on December 7, gaining 324% from the yearly low. On December 6, the stock touched its fresh 52 week high of Rs 589.30 on BSE. In the last session, the Adani Group stock rose 0.27% to close at Rs 562.05. The stock hit an intraday high of Rs 574.95 on BSE. Market cap of the firm rose to Rs 2.16 lakh crore. The firm saw 26.40 lakh shares changing hands amounting to a high turnover of Rs 148.77 crore on BSE.
According to Jefferies, after acquisition, Ambuja s capacity stands at 74.6 MTPA. The company is also set to increase capacity to around 100-110 mtpa By FY26/FY27
Adani Group's flagship company, Adani Enterprises Ltd, advanced about 7 per cent in the early trade to Rs 3,155, with a total market capitalization of Rs 3.5 lakh crore.