Adani Power Stock Hits An All-Time High With A Massive Return

Markets remained volatile for some time now. Yesterday, Sensex lost 37.8 points at 54,288.61 and the Nifty was down 51.50 points or .32% lower at 16,215. Earlier yesterday, markets made a positive beginning with Nifty climbing above 16,300 as markets remained in positive zone in the first half only to erase all the early gains in the second half and ended flat.

The stock market so far in the year 2022 has not brought much cheer to the investors. Despite the grim environment that has been prevailing in the share market, there are still some stocks that have been giving great returns to the investors.

One such stock that is catching everyone's attention is Adani Power Stock. Today Adani Power stock climbed to an all time high of Rs 327.85 with a profit of 5% on NSE today. Adani Power stock has climbed from Rs 28 to a record high of Rs 327.85 in the last five years tenure and has given a huge return to its investors. It has given a massive return of more than 20% in just a time span of 30 days and the stock has registered a growth of 209% in the last six months period only.

It has touched an upper circuit limit of 327.85 while the lower circuit limit of the stock was 296.65. The 52-week high of the stock was 327.85 and 52-week low remained at 70.35.

Adani Power Q4 results: Adani Power's consolidated net profit for the March quarter soared to Rs 4911.58 crore from the Rs 13.13 crore in the year ago period as a result of higher revenues. Total income of Adani Power surged to Rs 13,307. 92 crore for the quarter ended on March 31, 2022 from Rs 6902 crore in the same period a year ago, according to a PTI report.