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Adani Power Limited, one of the listed companies of the Adani Group, has made big news. Two promoters Arder Investment Holding and Emerging Market Investment bought 2.06 per cent stake. According to the BSE filing, the purchase took place between September 26 and November 16, 2023. Let us tell you that the shares of the company were trading around Rs 387 in BSE on Monday.
Upper Circuit in defense sector company shares, Rs. After the order of 42 crores, the stock was looted.
Earlier, promoters’ stake in Adani Power was 69.09 percent. He had 2,66,46,59,567 shares. After this acquisition, the promoters’ stake in Adani Power has increased to 71.14 percent. That means now he has 2,74,39,30,967 shares of the company.
Adani Power said in a filing to the stock markets that Ardor Investment Holding bought 7,42,71,400 shares between September 26 and November 16. Whereas, Emerging Market Investment DMCC bought 50,00,000 shares on 29 September 2023. This share has managed to grow by 14.6 percent in the last one month. At the same time, investors who bought and held the stock six months ago have made a 56 percent profit so far.
A state-owned company has announced a dividend, a record date very close
How was the September quarter for the company?
Adani Power recently announced its quarterly results. The company then said that their profit was Rs 6594 crore. Which is 847.41 percent more than last year’s September quarter. The company in the same quarter of last financial year had Rs. 696 crore profit was made.