New Delhi, Sept. 23 -- Shares of Adani group company -- Adani Power -- came under selling pressure on Tuesday, September 23, as investors booked profits following a stellar run in the counter amid a host of multiple cues in the last three trading sessions.

Adani Power shares fell as much as 5.8%, hitting an intraday low of Rs.160.20 on the BSE, a day after the record date for its 1:5 stock split.

The decline appears to be driven by profit booking, after the stock surged over 32% in just three sessions, including hitting the 20% upper circuit in the previous trading session.

More to come.

Published by HT Digital Content Services with permission from MINT....