Have you been keeping an eye on the Adani Power share price lately? If not, its time to tune in. On June 10, Adani Power shares surged over 8% during intraday trading, making waves across the Indian stock market. Investors are buzzing with excitement, and for good reason this rally could mark the beginning of another major bull run for the stock. But whats behind this sudden surge? And more importantly, should you consider investing?
Lets break it down.
A Quick Look at the Day’s Action
On Tuesday, June 10, the Adani Power share price opened at ¹565.30, just a tick above its previous close of ¹563.30. But then it did something that got traders attention it skyrocketed to an intraday high of ¹610, marking a solid 8.3% gain. By 2:45 PM, it was still holding strong at ¹598.95, up over 6.3%, with more than 2.60 crore shares changing hands.
Now thats what we call volume with intent!
Adani Group Stocks: A Collective Upswing
Interestingly, the rally wasnt isolated to Adani Power alone. Other Adani Group heavyweights like Adani Enterprises, Adani Ports, Adani Total Gas, Adani Energy Solutions, and Adani Green Energy also posted gains between 13%.
Could this indicate broader confidence in the groups future? Possibly. Market sentiment seems to be turning decisively positive for the Adani conglomerate.
How Has the Adani Power Share Price Performed Recently?
Heres where things get even more interesting:
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Year-to-date, the Adani Power share price is up over 12%.
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It had previously hit a 52-week high of ¹810.55 on June 10, 2024.
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Its 52-week low? ¹430.85, recorded on November 21, 2024.
So, while its still down from its all-time highs, recent momentum is pushing it firmly into recovery mode. In fact, since March 2025, the stock has been rising every single month and its already gained 9% in June alone.
What Sparked This Latest Surge?
The rally appears to be fueled by multiple catalysts. First, the companys investor presentation on June 9 offered insights into its robust business performance and future expansion plans. This kind of transparency and confidence always plays well with the markets.
Secondly, technical patterns and volume action suggest that big institutional money is making a comeback to the stock.
Earnings Update: The Full Picture
But it’s not all roses.
In Q4FY25, Adani Power reported a 5% decline in consolidated net profit, down to ¹2,599.23 crore from ¹2,737.24 crore year-on-year. The primary reason? Lower recognition of one-time revenue items.
Even more telling is the full-year data: profit after tax for FY25 stood at ¹12,750 crore, a significant drop from ¹20,829 crore in FY24. This was largely due to reduced one-time gains and higher tax burdens.
Despite these numbers, the stock still surged which tells you the market is betting big on the future, not the past.
What Do Analysts Say? Should You Buy?
One of the key voices chiming in is Incred Equities, a brokerage firm thats initiated coverage on the stock with an Add rating and a target price of ¹649.
According to them, Adani Power is expected to deliver:
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11% CAGR in EBITDA between FY25FY28
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Power generation growth of 10%
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An aggressive capital expenditure plan of ¹1.2 lakh crore all to be funded through internal accruals
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A significant reduction in net debt to EBITDA ratio, from 1.5x in FY25 to 0.9x by FY30
Theyve valued the stock at 11x EV/EBITDA, citing a projected 9% PAT CAGR and consistent RoE above 15%.
However, they also warned of potential downside risks like:
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Delays in the commissioning of their 13.12GW pipeline
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Lower merchant power realisations
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Discom payment issues resurfacing
The Technical Picture: Is the Chart Bullish?
Yes and resoundingly so.
According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi, the Adani Power share price recently broke out after almost a month-long consolidation. This breakout was accompanied by a sharp rise in trading volume a classic sign of accumulation by big players.
Even more interesting? This consolidation occurred within the R3S3 range of the monthly Camarilla pivot, forming an Inside-Value relationship a technical pattern that often precedes big moves.
The RSI (Relative Strength Index) has consistently remained above 50 and is now at 68, suggesting growing bullish momentum.
Trader’s Take: Entry, Exit, and Risk Zones
Thinking of jumping in? Heres a quick cheat sheet based on the technical setup:
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Buy Zone: ¹580 to ¹595
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Target: ¹650
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Stop Loss: ¹555 (on a daily closing basis)
This gives you a decent risk-reward setup, especially if you’re looking at a short- to mid-term play.
How Does Adani Power Stack Up Against Peers?
Compared to other players in the power sector, Adani Power stands out for its aggressive growth, large-scale capacity expansion, and strong backing from the Adani Group.
While competitors focus on gradual scaling, Adani Power is going full throttle with its ¹1.2 lakh crore capex plan. Thats not just a statement thats a mission.
What Should Investors Watch Going Forward?
Heres what you need to keep on your radar:
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Execution of the 13.12GW project pipeline
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Power demand trends and merchant pricing
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Debt reduction progress
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Government policies on power tariffs and discoms
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Global coal prices, which can impact operating margins
Keeping track of these factors will help you stay ahead of the curve and make informed decisions.
Conclusion
So, should you buy?
If youre a long-term investor with a moderate risk appetite, the Adani Power share price momentum, combined with strong fundamentals and technical backing, makes a compelling case.
Yes, there are short-term hurdles like profit dips and regulatory uncertainties, but the companys big-picture game plan looks solid. With a bullish setup and strong volume support, Adani Power seems poised to climb further.
Still unsure? Think of it like boarding a high-speed train. The journey might have some bumps, but the destination looks worth it.
Final Thoughts: A Bright Future, If You Stay Plugged In
The stock market is all about timing, patience, and research. The Adani Power share price is showing signs of a breakout, both technically and fundamentally. If the company continues to deliver on its ambitious plans, you might just be catching a winner early in its next big run.
So, whether you’re a trader looking for a short-term pop or a long-term investor seeking solid growth, Adani Power is one stock youll want to keep a close eye on.
