Adani Power Share Rises Nearly 3% to ₹565.30 in Early Trade; Heavy Buying Lifts Sentiment
Adani Power share gained close to 3% in morning trade on April 21, supported by strong volume and investor interest in power utilities.
Key Highlights:
Adani Power Share Climbs to ₹565.30, Up 2.84% in Early Trade
Adani Power Share surged ₹15.60 or 2.84% to trade at ₹565.30 as of 9:48 AM IST on April 21, continuing its bullish momentum amid strong sectoral interest. The stock opened at ₹551.25 and hit a high of ₹566.35, supported by heavy volumes and positive sentiment around India’s summer energy demand.
Adani Power Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹565.30 |
| Day’s High | ₹566.35 |
| Day’s Low | ₹549.05 |
| Opening Price | ₹551.25 |
| Previous Close | ₹549.70 |
| Market Cap | ₹2.18 Lakh Cr |
| P/E Ratio | 16.76 |
| Dividend Yield | — |
| 52-Week High | ₹895.85 |
| 52-Week Low | ₹432.00 |
What’s Fueling the Rally in Adani Power Stock?
- Surging electricity demand amid rising temperatures and heatwave alerts
- Positive sentiment across the power and infrastructure segment
- Anticipation of Q4 earnings boost from higher merchant power rates and load factors
- Continued investor accumulation after recent consolidation phase
Power Sector Snapshot – April 21 Performance
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Adani Power | 565.30 | +2.84% |
| NTPC | 348.60 | +1.30% |
| Tata Power | 404.75 | +1.10% |
| JSW Energy | 487.50 | +0.85% |
| NHPC | 102.40 | +0.65% |
Adani Power leads the gains in the power pack, reflecting strong institutional interest.
Technical View – Adani Power Share Levels
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 550.00 |
| Strong Support | 536.00 |
| Resistance Zone | 570.00 / 580.00 |
| Breakout Trigger | 585.00 |
A sustained close above ₹570 may open the way toward ₹600 levels, as technical charts indicate a bullish continuation pattern.
Analyst Commentary on Adani Power
- HDFC Securities: “Structural play on power demand and thermal plant utilisation. Hold for long term.”
- ICICI Direct: “Valuations supportive. Positive on EBITDA expansion and captive usage gains.”
- Nuvama Research: “Prefer NTPC over Adani Power in current valuation scenario but acknowledge near-term upside.”
Final Word on Adani Power Share Today
Adani Power share showed strong early trade momentum, riding the wave of increased energy demand and bullish undertone in power stocks. With ₹570 in sight, traders may look for continuation trades above resistance, while long-term investors stay focused on demand trends and earnings trajectory.
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