Adani Power gained 2.20% to Rs. 147.83, with intraday highs of Rs. 149.70 and strong trading volumes.
The company has a TTM EPS at Rs. 6.44 and P/E of 22.94 reflecting high but sustainable valuations relative to sector PE.
75% of analysts recommend ‘Buy’ and 25% ‘Outperform’, indicating broad optimism for near-term gains.
Adani Power share price opened at Rs. 144.95 and quickly gained momentum to Rs. 147.83 at press time. It reflected a 2.20% rise over the previous close of Rs. 144.65. The stock recorded strong intraday movement, hitting a high of Rs. 149.70 and a low of Rs. 144.81. Adani Power stock had a trading volume of 29,687,464 shares worth Rs. 43,866.20 lakh. Let’s see how the stock performed in detail based on Moneycontrol market data.
The volume-weighted average price (VWAP) for the day settled at Rs. 147.65. Adani Power stock's beta is 1.15, showing moderate volatility compared to the overall market. With a market capitalization of Rs. 2,84,950 crore, the company is one of the key players in the Indian energy sector.
Adani share price chart on Moneycontrol shows gains of 2.41% during intraday trade:
Also Read: Stock Market Today: Sensex Jumps 390 Points, Nifty Rises to 24,722, Gold Prices Hit Record High
Adani Power share price’s 52-week high is at Rs. 182.70, while the 52-week low was Rs. 86.40, showing a wide trading range over the past year. The stock has seen long-term growth. Hence, highlighting its journey from modest valuations to becoming a premium in the power sector. The stock is trading well within its upper circuit (UC) limit of Rs. 173.58 and lower circuit (LC) limit of Rs. 115.72. This gives investors room for potential upward momentum while keeping risk in check.
Also Read: Stock Market Today: Sensex Jumps 390 Points, Nifty Rises to 24,722, Gold Prices Hit Record High
Adani Power stock trades at a trailing twelve-month (TTM) earnings per share (EPS) of Rs. 6.44, a decline of 84.46% year-on-year. The TTM price-to-earnings (PE) ratio is 22.94, indicating that the stock is valued slightly below its sector PE of 27.83. Its price-to-book (P/B) ratio stands at 5.06, consistent with the stock’s average historical P/B, and the book value per share is Rs. 29.22. The company currently does not offer a dividend, making capital appreciation the primary focus for shareholders.
Based on analyst coverage on Moneycontrol, Adani Power share price has a strong buy sentiment. Analysts recommend a 'Buy' rating for 75% of coverage, while the remaining 25% suggest an 'Outperform' rating. This shows that market experts expect the stock to continue its upward trajectory in the near term.
Traders can refer to classic pivot points for short-term trading decisions. The immediate support levels for Adani Power shares on Moneycontrol are Rs. 145.60 and Rs. 147.30. Observing these levels can help investors manage risk and optimize entry and exit points during volatile market conditions.
Also Read: Vascon Engineers Share Price Jumps Over 13% on Strategic Agreement With Adani Infra
Adani Power share price today reflects positive sentiment among retail and institutional investors alike. Despite the decline in EPS YoY, the stock’s current technical positioning, analyst endorsements, and stable trading volumes suggest that it is an attractive investment in the energy sector. Investors may keep a close eye on market trends, sector developments, and pivot levels to make informed trading decisions.
1. What caused an increase in Adani Power share price of 2.20% today?
The share price increased as a result of the persistent buying interest, stable trading volume levels, and positive sentiment in the overall market. Investors showed confidence in the stock given its technical position and analyst commitment, with an opportunity for moving to its 52-week high of Rs. 182.70.
2.What are the support and resistance levels for Adani Power?
Adani Power has support levels at Rs. 145.60, Rs. 142.95, Rs. 141.25, and Rs. 138.60, resistance levels of Rs. 147.30, Rs. 149.95, and Rs. 151.65. These levels will help traders determine entry, exit and risk stops.
3. How does the stock's valuation stack up versus the sector?
The stock has a 22.94 P/E, which is lower than the sector PE of 27.83. The stock has a P/B of 5.06 and book value of Rs. 29.22; this number is considered high but reasonable, given the growth potential and the ability market participants have to price the stock fairly based on growing market confidence.
4. What does analyst sentiment say about the stock?
Most analysts have expressed bullish sentiment for the stock, with 75% ‘Buy’ and 25% ‘Outperform.’ This buy sentiment shows a high level of certainty by large institutional and retail investors about the company’s general short-term and medium-term performance and outlook.
5. Should investors be concerned about the decline in Adani Power’s EPS?
TTM EPS is down 84.46% YoY and reflects operational issues in the company from the past. A strong interest in buying the stock, technical levels to buy off of and a general interest and positivity would state the stock is still viable for capital appreciation, rather than dividends.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.