Adani Power falls as promoter plans to pare holding

Adani Power declined on Fridayas the company"spromoter plans to sell part oftheir holding.Adani Agro announced an Offer for Sale of an aggregate of 35.58 million equity shares of face value of Rs. 10 each of Adani Power on Oct. 8, 2012 by promoter through a sale on the separate window provided by the BSE for this purpose. Shares ofthe companyare trading at Rs 53.25, down Rs 1.95, or 3.53% at the Bombay Stock Exchange (BSE) on Friday at 12:03 p.m.The scrip has touched an intra-day high of Rs 56 and low of Rs 52.70. The total volume of shares traded at the BSE is 665,326.In the earlier session, the shares rose 4.84%, or Rs 2.55, at Rs 55.20. Currently, the stock is trading down 44.93% from its 52-week high of Rs 96.70 and above 44.7% over the 52-week low of Rs 36.80.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 52.85 2.35 4.45 1 Month 41.55 13.65 32.85 3 Months 51.60 3.60 6.98 6 Months 72.50 (17.30) (23.86) 1 Year 80.25 (25.05) (31.21) Note: Based on previous day closing price.