Adani Power Shares Surge 3.45% Ahead of Stock Split Decision
Adani Power’s shares rose 3.45% to Rs 590.30 in the current session, with the company’s market capitalization climbing to Rs 2.26 lakh crore.
Key Highlights
- Stock Split: Adani Power’s board will consider a stock split on August 1. This could potentially alter the share capital by sub-dividing existing equity shares of Rs 10 each.
- Trading Activity: A total of 1.61 lakh shares changed hands, amounting to a turnover of Rs 9.21 crore on BSE.
- Earnings Announcement: The company will also announce its earnings for the quarter ended June 2025 on August 1.
Impact of Stock Split
The potential stock split aims to enhance accessibility for retail investors and boost market liquidity. By reducing the face value of shares, Adani Power can attract a broader shareholder base, potentially driving trading volume and price stability
