Adani Power’s market cap declines by Rs 6,251 crore as stock drops 2.87%

Adani Power Limited experienced a significant decline in its stock price on November 12, 2024, closing at Rs 562.35, down by 2.87% from the previous close of Rs 578.95. This decrease led to a reduction in the company’s market capitalization, which now stands at Rs 2,16,894.96 crore.

Key Trade Details:

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  • Opening Price: Rs 579.80
  • Day’s High: Rs 587.10
  • Day’s Low: Rs 559.05
  • Last Traded Price: Rs 562.35 (down by Rs 16.60 or 2.87%)
  • Total Market Cap: Rs 2,16,894.96 crore
  • Free Float Market Cap: Rs 48,906.15 crore
  • Traded Volume: 15.52 lakh shares
  • Traded Value: Rs 88.87 crore

Additional Price Information:

  • 52-Week High: Rs 895.85 (June 3, 2024)
  • 52-Week Low: Rs 380.05 (November 23, 2023)
  • Daily Volatility: 2.85%
  • Annualized Volatility: 54.45%

This market cap decline highlights the ongoing volatility affecting Adani Power in the energy sector. The stock remains part of the Nifty Next 50 index.

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