Adani Power Ltd was trading at ₹249.62, up 2.08% during mid-morning session on the NSE as of 12:49 IST. According to reports from Business Standard, the stock has risen for the third consecutive session, demonstrating sustained investor interest. The benchmark NIFTY was up around 0.07% on the day, quoting at 23,930.5, while the Sensex stood at 75,999.31, down 0.01%. However, broader market conditions showed mixed sentiment with the BSE 150 MidCap Index rising 0.01% and the BSE 250 SmallCap Index shedding 0.02%. Market breadth remained strong with 1,849 shares rising and 2,218 shares falling on the BSE, while the NSE's India VIX jumped 0.65% to 21.20.
As reported by Business Standard, Adani Power Ltd has delivered exceptional returns over the past year, rising 126.64% compared to a 3.32% decline in the NIFTY and a 14.75% drop in the Nifty Energy index. The stock has gained 11.76% in the last one month, significantly outperforming the broader market trends. This strong performance comes amid broader market volatility, with the NIFTY 50 index falling below the 24,000 level amid weak sentiment due to FII selling, rising crude oil prices, and geopolitical uncertainties.
According to Business Standard, the stock witnessed increased trading activity with 613.85 lakh shares traded today, compared to the daily average of 460.14 lakh shares in the last one month. The Nifty Energy index, to which Adani Power belongs as a constituent, has risen around 0.47% in the last month and was trading at 40,814.6, up 0.9% on the day. The increased volume suggests heightened investor interest despite the broader market weakness, with the stock maintaining its momentum across multiple sessions.
As reported by Business Standard, the benchmark June futures contract for Adani Power was quoting at ₹251.02, up 1.84% on the day. The stock's price-to-earnings ratio stands at 42.9 based on trailing twelve months earnings ending March 2026. This futures premium reflects positive market sentiment and suggests expectations of continued growth in the power sector.
