Adani Power Share Price Falls 6% After 1:5 Stock Split as Investors Book Profits | Stock Market Today

Market Performance

Adani Power’s stock witnessed heavy selling pressure in Tuesday’s session, September 23. The counter, which had rallied sharply over the past three days, finally saw investors locking in gains.

• Intraday low: ₹160.20 on the BSE
• Drop: 5.8% from the previous close
• Current price (as of 11:05 am): ₹165.15, down 2.94%

The fall came right after the record date for its 1:5 stock split, which had been eagerly tracked by the market.

Why Adani Power Share Price Dropped?

The correction was primarily driven by profit booking. The stock had surged more than 32% in just three sessions, even hitting the 20% upper circuit in the previous trading day. Such a steep rise often leads traders to book profits, which was visible in today’s action.

Company-Specific Developments

Sebi Clean Chit Boosted Rally

The recent uptrend in Adani Power was supported by a significant development — Sebi dismissed allegations raised by Hindenburg Research against the Adani Group and its founder, Gautam Adani. This clean chit restored confidence among investors, fueling strong buying in the counter.

Fresh Institutional Moves

Alongside retail participation, institutional activity also played a role:

• SBI Mutual Fund and Citadel Securities reportedly bought into Adani Power.
• GQG Partners, however, trimmed its stake.

These moves added another layer of market excitement and liquidity.

Adani Power 1:5 Stock Split Explained

The much-anticipated 1:5 stock split of Adani Power shares came into effect this week. Here’s what it means for investors:

• 1 share split into 5 shares
• Market cap unchanged, but the price per share adjusted lower
• Increased outstanding shares, improving accessibility
• Enhanced liquidity, making it easier for retail investors to trade

Stock splits are often seen as tools to improve participation by bringing down the per-share price without altering the company’s overall value.

Summary

Adani Power share price cooled off after a sharp three-day rally, slipping nearly 6% intraday as profit booking set in. The fall came immediately after the 1:5 stock split record date, following a period of strong optimism driven by Sebi’s clean chit and notable institutional activity.

While the stock price adjusted today, the recent run-up highlighted how regulatory clarity and corporate actions can quickly shift market sentiment.