Adani power share: Today there was an upper circuit in the stock of Adani Power. This stock has been running continuously since the spectacular results of the March quarter.
Circuit has started on this stock at the level of Rs 126.90.
On the first day of the week, the craze of investors towards Adani Power Share increased so much that it got upper circuit. With the rise of 20%, the stock has started a circuit at the level of Rs 126.90 today. This is its all time high level. By the way, for the last six sessions, its shares are seeing a steady rise. Prior to that, this stock had closed with a fall in five consecutive sessions.
The rally in the stock of Adani Power started from May 31. On that day, its stock saw a rise of 0.60 percent and the stock closed at Rs 92.50. It has jumped up to 38 per cent in the last six trading sessions. Talking about the performance of this stock, it has given a return of about 31 percent in the last one month, 70 percent in three months and 226 percent in one year. This stock has given a great return of 557 percent in 3 years.
Company’s performance in the March quarter was excellent
The company’s performance in the March quarter has been excellent. The net profit of the company stood at 13.13 crores while in March 2020 the company had a loss of 1312 crores. The company’s total income increased to 6902 crores from Rs 6327 crores in the March 2020 quarter. For the entire financial year 2020-21, the company’s net profit was 1270 crores, while in the financial year 2019-20, the company had a loss of 2274 crores. In the year 2020-21, the company’s total income was 28149 crores, which was 27841 crores in 2019-20.
Adani is the 14th richest person in the world
In the year 2021, the Adani Group of Companies has performed brilliantly, due to which the wealth of Gautam Adani has increased tremendously. He is currently the 14th richest person in the world in the Bloomberg Billionaires Index and his net worth is $77.7 billion. This year his wealth has jumped by $ 43.90 billion. He is at number two in terms of property boom this year. Bernard Arnault is at number one and his net worth has increased by $ 57.90 billion.
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