Adani Power shares up 8% in 2 weeks. Should you buy before the stock split clock runs out?
[hfe_template id='11223']
[ad_1]
Adani Power shares have climbed 8% in the past two weeks, extending their gains to 23% this year and nearly 10% over the past month. With September 22 set as the record date for the company’s first-ever stock split, investors face a critical question: is now the time to buy before the split broadens participation and potentially fuels more upside? Shares closed at Rs 648.65 on Friday, rising more than 6% in just one week. The rally has been driven by a mix of new project wins, regulatory approvals, and the much-anticipated stock split that has sharpened focus on the company’s growth trajectory. Expansion drive On Thursday, Adani Power said it secured a 1,600 MW ultra-supercritical thermal power project from MP Power Management Company. The Rs 21,000 crore investment will create a new unit in Anuppur, Madhya Pradesh, under a design, build, finance, own and operate model. The order includes an additional 800 MW capacity awarded under a gree...