Adani Power hits fresh high as stock split comes into effect
Shares of Adani Power surged over 18% to hit a 52-week high in early trade on Monday as the shares began trading on an ex-split basis. This is the company's first-ever stock split. On September 5, Adani Power had approved a share split in a 1:5 ratio. Last week, SEBI cleared Adani Group of allegations raised by Hindenburg in 2023.