Adani Power Share: The company has announced a stock split in a ratio of 1:5. This means that each share with a face value of ₹10 will now be divided into five shares of ₹2 each. The record date for this is today, September 22nd.

Adani Power Share: Shares of several Adani Group companies are seeing a rise today. Adani Power's stock has seen the biggest jump. In early trading, its shares fell 80% from their closing price of Rs 709.05 on Friday. The company has announced a stock split in a 1:5 ratio. This means that each share with a face value of Rs 10 will now be divided into five shares of Rs 2 each. Subsequently, the share price was adjusted to Rs 141.81. Even though the price of each share decreases, since investors will own five shares instead of one, their total investment value will remain unchanged.

Shares crashed after opening. 

Thus, the stock opened at ₹148.20, but shortly thereafter fell to ₹147.30. The stock split was due to the large number of shares being settled on the stock market, resulting in a massive 80% decline. However, this had no impact on the company's market value. 

The stock subsequently gained momentum, jumping 20% ​​to surpass its 52-week high of ₹168.80 and reaching ₹170.20. The record date for the stock split was set for today, September 19th. The stock split will only benefit investors who held Adani Power shares in their demat accounts as of Friday's trading session. For example, if someone held 100 Adani Power shares as of Friday, they will now own 500 shares after the 1:5 stock split. However, the value of their investment will remain the same, only the price per share will decrease.

Adani Power shares gave excellent returns 

The stock split will also attract a large number of small investors. The lower share price will allow investors to invest in smaller tranches, increasing the liquidity of the shares. Adani Power shares have delivered returns of over 50% in the past six months, while in two years, they have returned up to 100% to investors. Adani Power shares have delivered impressive returns of up to 1700% in the past five years, which is why there is continued enthusiasm in the market.