While the stock delivered multibagger returns, gaining over 120 per cent in the first eight months of 2024, it has since faced significant selling pressure and has plunged 33 per cent from its 52-week high.

Stock Surges Following Adani Power’s Major Rs 294 Crore Order Announcement

The stock at its lowest level traded at Rs 15.15 in the year 2018 and fast forward today it has scaled to Rs 530 delivering a mutlibagger return of nearly 3398 per cent.

About 1,764 shares have advanced, 1,602 declined and 133 are unchanged. 

Some of the company's strengths include a low PE, an extremely high RoCE and a significant promoter group stake (almost 95 per cent).    

Watch out for these large-cap stocks in Tuesday’s trading session!

Watch out for these large-cap stocks in Monday’s trading session!

 The Sensex slipped by 773.69 points to close at 60,205.06, while the Nifty 50 fell by 226.35 points to close at 17,891.95

Nifty 50 opened flat with an upward bias on favourable global trends. In this post, we have highlighted the list of powerful stocks that are experiencing a strong positive breakout.

We have recommended trading ideas to our readers based on the cup pattern setup in our Flash News Investment weekly journal. Our readers have consistently benefitted from this trading strategy. Here are some examples of the trading setup that our clients have traded on!  

As many as 86 stocks have turned into multi-baggers in a span of less than a year and if you had these stocks in portfolio, it would have not only provided a ‘Raksha’ from high volatility but also, generated multifold returns.  

On the options front, the 17,300 PE (August 4 Series) option saw maximum addition for the day i.e. nearly 25 lakh shares were added at this strike price, which took the total open interest at this strike above 72 lakh shares. Meanwhile, on the CE side, maximum open interest was seen around 17,500 strike price

At 10.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were trading higher by almost a per cent each, despite the FED rate hikes.

Last year, nothing could have been worse than the leading countries facing a power crunch. The extent of this power crisis was so grave that it forced China to implement rolling blackouts for energy-intensive industries.  

It has delivered 17 per cent returns to its shareholders in just five trading sessions! 

The consortium also includes Bank of Baroda, Canara Bank, Indian Bank, Punjab National Bank, Bank of Maharashtra, and EXIM Bank of India.  

The equity markets made an all-time high in October 2021 with Sensex touching the 62,000 level and Nifty gripping the 18,600 level. Since October 2021, the equity markets have been extremely volatile. The Russia-Ukraine war, Omicron fears, and inflation worries have weighed the most on the performance of equity markets. 

Adani Enterprises Ltd has business interests in various economic areas such as mining, infrastructure such as airports, roads, rail, water, data centres, solar manufacturing, agro and defence. 

At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near.  

 Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

The group confirmed the deal to acquire Holcim’s stake in Ambuja Cements and ACC Ltd for $10.5 billion or Rs 81,361 crore. Holcim owns 63.19 per cent in Ambuja Cements and 4.48 per cent in ACC Limited.

The month of April was a wicked one for the stock markets across the world and Indian markets were no exception as Nifty plunged 2 per cent.

At noon on Friday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally on the higher side.  Nasdaq index, which is tech-heavy rose up to 3 per cent on Thursday due to positive earnings updates from major tech companies like Amazon and Apple.  

Fading the two days’ gaining momentum, the benchmark indices ended in red on Friday. The hawkish statement from the US Fed lowered the sentiment globally including in domestic markets. 

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The shares off Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.  

At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 were trading higher by almost 1 per cent each as the dollar rose higher and the IMF cut the growth forecast by almost a per cent, owing to the effects of the ongoing war in several countries.

At 11 am, the core equity indices i.e., Sensex and Nifty 50 were trading flat amidst mixed global cues. The Asian markets plunged due to a fall in the technology stocks as well as the surge in COVID-19 cases.  

At 11.30 am, the core equity indices i.e., Sensex & Nifty 50 were still trading 2 per cent lower as the markets crashed at the time of market opening on Monday amidst higher dollar appreciation and rising crude oil prices

At 10.30 am on Tuesday, the core equity indices i.e., Sensex and Nifty 50 fell by almost a per cent each, owing to the persistent geopolitical tensions coupled with rising supply chain difficulties in China.  

On Tuesday morning, the markets opened on a lower note amidst weaker global cues. Asian markets are down, owing to the supply chain disruption caused due to the lockdown restrictions in China.  

At 1 pm on Monday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally lower amidst weak global cues.

At  noon on Friday, the core equity indices i.e., Sensex and Nifty 50 were trading higher as RBI kept the policy rates unchanged in the bi-monthly policy meet. The monetary policy stance remains accommodative as the repo rate also remains unchanged at 4 per cent. 

There’s a brand-new billionaire on the block, Gautam Adani, of the Adani Group, whose companies have managed to double the investors’ money, even in these crucial times of high inflation and geopolitical tensions. The stocks have shown a phenomenal rally over the past few weeks

On Tuesday, the Indian benchmark indices settled near the day's high level with Nifty closing above the 17,300 mark led by the pharma, realty, and capital goods sector. 

March 23, 2022 marks the second anniversary since the market crashed and touched its lowest poins due to the outbreak of pandemic and declaration of lockdown. Since the same day, Nifty has managed to travel a long way by registering attractive 127 per cent return.

On Thursday, the Indian markets opened marginally higher, as the core equity indices were up by 0.80 per cent. This comes after the FED Chairman, Jerome Powell announced that the highly anticipated rate hike will happen but at 0.25 bps rise only for now. The further point increase in the interest rate will depend if the inflation in the US remains ‘persistently high'. This statement came as a slight relief to the markets globally, in this period of turmoil. 

Shares of Adani Power, Mirza International Ltd and Shree Pushkar Chemicals have rallied more than 10 per cent in today’s trading session. 

Adani Power gained more than 12 per cent   

India’s largest thermal power producer Adani Power has got sudden upward momentum in the first half of today's trading session. It has been on an uptrend for the past five days. The share price of the company has increased more than 20 per cent from Rs 107 on February 10, 2022, to Rs 133.15 on February 16, 2022. 

The core equity indices, i.e., Sensex and Nifty ended on a higher note on Budget Day.  

Sensex went up by 848.40 points or 1.46 per cent. The top five gainers from the pack were Tata Steel, Sun Pharmaceuticals, IndusInd Bank, Larsen & Toubro, and UltraTech Cement. Meanwhile, on the flip side, the top losers included Mahindra & Mahindra, Power Grid Corporation of India, SBI, Bharti Airtel, and NTPC.