Adani Power Shares Rise Despite GQG Partners Trimming 0.02% Stake

Adani Power shares gained during Friday's session, finishing at ₹188.60 per share on the NSE despite an exchange filing revealing GQG Partners offloaded a 0.02% stake.

GQG Partners sold 5,039,326 shares through on-market transactions, reducing its shareholding from 5.74% to 5.72%.

Analysts suggest a buy-on-dip strategy with a stop-loss at ₹168 and a near-term target price of ₹225 for the stock.