Overview

• The first-ever split divides each Rs 10 share into five Rs 2 shares, lifting the paid-up share count from about 385.69 crore to about 1,928.46 crore without changing overall market value.
• The stock touched the 20% upper circuit at Rs 170.15 on an adjusted basis and set a new adjusted 52-week high, while other Adani counters including Adani Total Gas and Adani Green also advanced.
• BSE and NSE sought clarifications from Adani Power and Adani Total Gas after unusual price and volume moves during the session.
• Some platforms initially showed an apparent 80% drop due to unadjusted comparisons, and investors may see temporary P&L distortions until split shares are credited to demat accounts within up to two working days.
• Block deals last week included GQG Partners selling about 35 million shares with SBI Mutual Fund among buyers, and broker attention stayed elevated with Morgan Stanley initiating Adani Power at Overweight and Jefferies reiterating a buy on Adani Enterprises.