According to reports from ET Now and Rediff Moneynews, Adani Power has moved ahead of Infosys in market capitalisation, with the company's market value standing at ₹4,79,706.78 crore, marginally ahead of Infosys at ₹4,70,111.69 crore, as per market data available on BSE. The combined market valuation of the Adani group firms stood at ₹19.44 lakh crore, with Adani Power claiming the 11th spot among India's most-valued companies. This marks a significant shift as Adani Power overtook Infosys in market cap ranking during Wednesday's trading session.
As reported by Rediff Moneynews, multiple Adani group stocks delivered impressive gains on Wednesday, with Adani Total Gas surging 13.35%, NDTV skyrocketing 10.39%, Adani Energy Solutions jumping 5.28%, and Ambuja Cements climbing 2.28% on the BSE. Adani Green Energy advanced 2.23%, Adani Power edged higher by 1.72%, ACC climbed 1.09%, Adani Ports rose 0.74%, and Adani Enterprises Ltd went up 0.11%. Notably, Adani Total Gas, Adani Energy, Adani Green, and Adani Total Gas hit their 52-week high levels during intra-day trade, reflecting strong investor confidence in the group's diversified portfolio.
According to Rediff Moneynews, the performance gap between the two companies has been stark this year, with Adani Power shares surging nearly 74% so far this year, while Infosys shares dropped over 28% during the same period. This dramatic divergence highlights the contrasting investor sentiment toward traditional IT services versus infrastructure and energy-focused companies. The strong rally in Adani Power shares has been driven by robust earnings momentum, rising power demand during the peak summer season, and continued optimism around India's infrastructure and energy story, as reported by ET Now.
As reported by ET Now, Adani Power has benefited from strong earnings momentum, rising power demand during the peak summer season and continued optimism around India's infrastructure and energy story. By contrast, the IT sector has struggled to recover, with investors remaining cautious over the pace of growth in export-driven businesses amid global macroeconomic uncertainty. The Nifty IT index has declined across both short-term and long-term periods, with the losses widening over a longer period. The broader market sentiment remained subdued, with the BSE Sensex declining 141.90 points or 0.19% to settle at 75,867.80, and the NSE Nifty skidding 6.55 points or 0.03% to end at 23,907.15.
