Adani Power shares have surged 45% in 2026, significantly outperforming the broader market. According to reports from Essential Business Intelligence, the stock rallied over 6% on Tuesday, July 14, 2026, with the stock gaining as much as 6.21% to hit an intraday high of ₹228.90. The stock was trading 5.24% higher at ₹226.80 at 12:25 pm, hovering near the day's high. By comparison, the benchmark BSE Sensex was down 0.57% at 77,174, highlighting the strong outperformance of Adani Power during the session. The latest market data shows Adani Power trading at ₹226.10 with a gain of 4.92%, demonstrating continued strong momentum in the stock.
Trading activity remained robust during the session with significant volume movements. On the BSE, around 42.41 lakh shares worth ₹94.59 crore changed hands, while over 4.02 crore shares valued at ₹898.92 crore were traded on the NSE, as reported by Essential Business Intelligence. The latest trading data shows Adani Power recorded trading volume of 4.34 million shares, indicating sustained investor interest and liquidity in the stock. This heavy trading volume continues to support the stock's strong performance trajectory.
A recent Goldman Sachs note said India's market outlook has improved in recent weeks, supported by lower commodity prices, a stabilising currency, resilient domestic growth, healthy second-quarter earnings expectations and signs of recovery in select domestic segments. According to the brokerage, ultra-light foreign investor positioning leaves ample room for overseas inflows to return. Among its preferred India stock ideas, Goldman Sachs included Adani Power alongside Reliance Industries, HDFC Bank, Kotak Mahindra Bank, Adani Enterprises, NTPC, Power Grid Corp., Hindustan Aeronautics, Mazagon Dock Shipbuilders, Eternal (formerly Zomato), Adani Green Energy, InterGlobe Aviation, HDFC Life Insurance, Indian Hotels and MakeMyTrip. The median stock in the basket trades at 34 times forward earnings with a PEG ratio of 2 times.
Goldman Sachs sees the Nifty 50 rebounding to 26,500 by June 2027, a level above its current record high of 26,373, as it turns more constructive on India following an improvement in the recent macro backdrop. The Wall Street major has identified 15 large-cap stocks that it believes are well placed to benefit from key themes and catalysts in the second half of the year. This bullish outlook on India's market prospects continues to support the positive sentiment around Adani Power and other Indian equities in the brokerage's portfolio.
