Shares of Adani Power hit a new 52-week high even as the Equity benchmark indices Sensex and Nifty dropped in early trade on Monday amid concerns over the US President Donald Trump's decision to raise H-1B visa fees to USD 1,00,000 per worker. The counter started the trading session with a gain of 4.30 per cent at Rs 147.90 against the previous close of Rs 141.80 on the BSE. The stock surged further amid a spurt in trading volume and hit a 20 per cent upper circuit of Rs 170.15, also the new 52-week high of the stock. The market cap of the company stood at Rs 3,28,129.08 crore. The stock has a 52-week low of 86.17.
On the National Stock Exchange (NSE), the counter started the trading session at Rs 148.20 and jumped to touch the 52-week high of Rs 170.25.
Adani Power Stock Split
Shares of Adani Power are in focus as they trade ex-date for the stock split today. The board of directors of the company has approved a stock split in the ratio of 1:5. The approval of shareholders was received through a postal ballot notice issued on August 1, 2025.
Each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The company had fixed September 22 as the record date for the sub-division of equity shares.
SEBI clears Hindenburg allegations
Meanwhile, Adani Group companies gained over Rs 69,000 crore in market capitalisation in a single session on Friday after SEBI’s (Securities and Exchange Board of India) clean chit in the Hindenburg case.
The regulator's order, which dismissed allegations of stock manipulation and related-party misuse, ignited a surge of investor confidence, sending Adani stocks sharply higher across the board.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
