Adani Power's Shares Reach All-Time High on Monday

The week has opened with positive signs for the Indian stock market, with both Sensex and Nifty closing with more than a 2% gain on Monday.

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Though the HDFC Bank and HDFC Ltd merger dominated the market, Adani power had its fair share to pull the market up.

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Adani Power's shares on Monday touched a record high of ₹ 220.8 after opening at ₹ 207 at the NSE On Prospects Of Better Earnings.

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On April 1, shares of power generation and related companies were in focus as the S&P BSE Power index had hit an over 14-year high in the intra-day trade.

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Adani Power, Bharat Heavy Electricals (BHEL) and NTPC from the index had rallied between 5 per cent to 10 per cent, while Power Grid Corporation.

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Other power companies like Tata Power, Torrent Power and JSW Energy had advanced in the range of 2 per cent to 4 percent on the BSE.

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