Adani Power shares tumble 6% on profit booking after 35% rally in 3 days

Adani Power shares experienced a decline following profit booking after a significant surge post-stock split and positive brokerage views. Morgan Stanley’s optimistic outlook, projecting substantial growth in capacity and profitability, initially fueled the rally. However, investors cashed in on gains despite SEBI’s clearance of stock manipulation allegations, impacting other Adani Group stocks as well.

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