Adani Power hits 10% upper circuit; here’s why

Shares of Adani Power zoomed 10 per cent on Tuesday after reports said 32 lakh shares or 0.2 per cent of the equity exchanged hands in a block deal.

It was not immediately clear who the buyers or sellers were.

The stock has seen a massive rally in the last few weeks. Last week it was the top BSE 500, gaining 42 per cent as it concluded its acquisition of Essar Power MP. The company also said it is experimenting with the usage of liquid Ammonia in APMuL’s power plant at Mundra.