Adani Group Stocks Surge: Power Leads the Rally with Gains Up to 18%

Shares of all 11 Adani Group companies surged in early trading on Tuesday. Adani Power witnessed a significant rise of 19%, reaching ₹535 per share with trading volumes surging 11 times above its 30-day average.

Similarly, Adani Green Energy saw a gain of about 14%, climbing to ₹119 per share.

Other major performers included Adani Energy Solutions, which surged 14.38%, Adani Total Gas rising 13%, and NDTV advancing 12.50% on the Bombay Stock Exchange (BSE).

Flagship firm Adani Enterprises Ltd. rose nearly 9% to ₹2,422 per share, emerging as the top performer among its peers on the Nifty 50 benchmark index.

Among other listed firms, Adani Ports climbed 6%, Ambuja Cements gained 4.79%, ACC increased by 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar added 3%.

This rally marked a reversal from Monday’s trend, where all Adani Group stocks closed lower in line with a weak equity market.

Sensex and Nifty Recover

India’s benchmark indices also rebounded after four consecutive days of losses. The 30-share BSE Sensex jumped 505.6 points to 76,835.61 in intra-day trade, while the NSE Nifty rose 179 points to 23,264.95.

The Indian rupee also appreciated by 21 paise, recovering to ₹86.49 against the US dollar.

Adani Group stocks contributed significantly to Tuesday’s positive market sentiment, with all 10 group companies trading in the green.

Adani Power and Adani Green Energy stocks led the gains, followed by Adani Energy Solutions, which climbed to ₹773.55, and Adani Total Gas, which rose over 9% to ₹687.60 on the NSE.

Speculative Buzz Around Fundraising

Market experts attributed the rally to speculation regarding the Adani Group’s potential fundraising plans.

“The market expects Donald Trump’s potential re-entry to the White House to ease overseas fundraising for the Adani Group,” said Anshul Jain, Head of Research at Lakshmishree Investment and Securities.

While this speculation drove investor interest, the Adani Group declined to comment officially but confirmed ongoing discussions with institutions as part of its regular business activities.

Analysts, however, advised caution against fresh buying in the current speculative environment.

“Investors should wait for official statements before making any new investments,” said Mahesh M Ojha, AVP of Research at Hensex Securities. Existing investors were advised to maintain strict stop-loss levels.

Adani Green Energy’s Wind-Solar Milestone

Adani Green Energy announced the commissioning of a 57.2 MW wind power component at its hybrid wind-solar project in Khavda, Gujarat.

This milestone increased the company’s total operational renewable capacity to 11,666.1 MW.

The stock surged 13.22% to ₹1,007.55 on the BSE during the previous session and gained another 7.35% on Wednesday, closing at ₹1,080 apiece. Adani Green Energy has witnessed a two-day rise of 20% driven by these developments.

Despite recent gains, the stock remains 41% lower compared to a year ago and has declined 43.19% over the past three months. The stock’s RSI of 26.2 indicates it is in the oversold zone.

Operational Growth and Renewable Targets

Adani Green Energy reported a 37% year-on-year increase in operational capacity, reaching 11,609 MW during the first nine months of FY25.

The company added 2,693 MW of solar capacity and 438 MW of wind power plants during this period. Key projects included 2,113 MW of solar capacity in Gujarat and 580 MW in Rajasthan.

Adani Green Energy also signed a Power Purchase Agreement (PPA) with MSEDCL to supply 5 GW of solar power over 25 years.

The company aims to achieve a renewable generation capacity of 50 GW by 2030, aligning with India’s decarbonization goals.

India’s Renewable Energy Landscape

India added 24.5 GW of solar capacity and 3.4 GW of wind capacity in 2024, representing significant growth compared to the previous year.

These additions brought the nation’s total installed renewable capacity to 209.44 GW as of December 2024, contributing 45% to the total power capacity of 462 GW.

Adani Green Energy’s operational advancements position the company as a leader in India’s renewable sector, supporting the country’s broader energy transition efforts.