Gautam Adani: A news and a race to buy Adani’s shares of this company, the upper circuit has been buzzing since 7 days – why shares of gautam adani’s company adani power share price rising
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Why are upper circuits being installed in Adani Power
This rise in the shares of Adani Power has come after a news. In fact, Adani Power, a company of Adani Group, has merged its six subsidiary companies with itself. The National Company Law Tribunal had approved the merger of these companies with APL in the month of February. Adani Power has also sent its information to BSE. Adani Power Adani Power Maharashtra Ltd. (APML), Adani Power Rajasthan Ltd.(APRL), Udupi Power Corporation Ltd. (UPCL), Raipur Energen Ltd. (REL), Raigarh Energy Generation Ltd. (REGL) and Adani Power (Mundra) Ltd. has merged with itself.
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Bumper boom in shares since February 27
The shares of Adani Power have been witnessing a steady rise since 27th February. For the last seven days, the shares of Adani Power are continuously witnessing upper circuit. The stock has gained more than 21 per cent so far. The shares of the company have gained more than 12 per cent in the last one month. Investors are bullish on stocks. Investors are hopeful that the shares of Adani Power can see further gains now. Due to the fall in the shares for more than a month, investors have also suffered a lot of loss.
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