Adani Power shares surged after the report came out. Stocks traded higher. Each level touched Rs 288.50 on the NSE today. The closing rate is Rs 285.55. One of the largest single-buyer deals was for Goldman Sachs GQG Partners International Opportunities Fund.
More bulk deals were done in Adani Power shares on August 16, 2023. GQG Partners Emerging Markets Equity Fund has bought 4 crore Adani Power shares. The shares were bought at Rs 279.15 per share. The US investment firm has infused Rs 1,368 crore into this Adani Group company. It owns a total of 8.1 percent of the shares.
But on the same day, some profit bookings also took place in Adani Power Ohiras. That is. On Wednesday, Afro Asian Trade and Investment Ltd sold 26 crore Adani Power shares at Rs 279.18 per share. A total of Rs 7,412 crore worth of shares were sold by institutional investors.
The Adani Group Company has released a strong performance report for the June 2023 quarter. The company’s net profit rose 83 percent from Rs 4,780 crore in the previous year. The net profit was Rs 8,759 crore. The company’s total revenue rose 17 percent to Rs 18,109 crore.
