New Delhi, Oct. 8 -- Adani Power shares crashed more than 6% in intraday trade on the BSE on Thursday, 8 October, amid broader stock market weakness. Adani Power share price opened at Rs.196 against its previous close of Rs.196.60 and dropped 6.3% to hit an intraday low of Rs.184.15 during the session, looking set to extend losses for the second consecutive session. Meanwhile, equity benchmark Sensex declined 1.5% during the day.

The decline in the shares of Adani Power can be largely attributed to profit booking amid prevailing weakness in the stock market. The stock is down about 8% so far this month after a 3% rise in September.

Year-to-date, the stock is 26% up compared to a 16% fall in the equity benchmark Sensex and a 6% rise in t...