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Adani Power advances on incorporating wholly owned subsidiary company

21 Dec 2015 Evaluate

Adani Power is currently trading at Rs. 29.45, up by 1.35 points or 4.80% from its previous closing of Rs. 28.10 on the BSE.

The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 30.85 and Rs. 28.00 respectively. So far 589280 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 05-Mar-2015 and a 52 week low of Rs. 19.65 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 30.50 and Rs. 25.80 respectively. The current market cap of the company is Rs. 8484.57 crore.

The promoters holding in the company stood at 58.13% while Institutions and Non-Institutions held 21.57% and 20.31% respectively.

Adani Power has incorporated a wholly owned subsidiary company ‘Adani Power (Jharkhand)’ in India which is registered with the Registrar of Companies, Gujarat at Ahmedabad on December 18, 2015.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.


Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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