MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days

In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.

Shares of Adani Power were locked in the 5 per cent upper circuit at Rs 327.50, also its record high on the BSE in Monday’s trade. In the process, the stock traded higher for the seven straight day. Till 10:06 am; a combined 12.3 million shares changed hands and there were pending buy orders for 2.4 million shares on the NSE and BSE.

The stock of Adani Group electric utilities company surged 35 per cent in past seven days after index provider MSCI included Adani Power in its global index. In the past three months, the stock has zoomed