Adani Power Shares Fall For 15% In The Last Three Session

Adani Power were caught in the lower circuit in early trade and fell for the third straight session today.

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Despite the good mood in the overall market today, shares of Adani Power fell 5% to Rs 236.65.

At 9.56 am today, the Sensex was up 52 points, or 0.08 percent, at 59,382, while the Nifty was up 47 points, at 17,651.

The value of Adani Power shares fell to Rs 90,888 crore.

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Even with today’s price adjustment, the stock has nonetheless increased 122.52% in a year.

The Adani Group equities have seen negative sentiment over the past three days as a result of research by Hindenburg Research last week.