Rajesh Bhosale, technical analyst at Angel One believes that overbought conditions tend to persist during strong trends as they also reflect inherent strength.
ABB India, Samvardhana Motherson International and Adani Power from the Nifty Next 50 index surged in the range of 5 per cent to 8 per cent in intra-day deals on Wednesday.
Thus far in the month of April, the market price of Adani Power has zoomed 35 per cent in anticipation of healthy demand outlook.
The buying on the counter came after Adani Power incorporated a new subsidiary focused on nuclear energy
A key finding of the Commission was that the Adani Group does not hold a "dominant" position in the relevant market
Technical analyst at Bonanza believes that power stocks NTPC, Adani Power, Tata Power, Adani Green and Power Grid are showing strong bullish structure and can potentially surge up to 24% from here.
Adani Group shares rallied up to 3% in Wednesday's intra-day trade, and have outperformed the market thus far in April with gains up to 19 per cent.
Given this backdrop, analysts expect power demand to jump 8-12 per cent year-on-year (Y-o-Y). "Every 1°C rise above 24°C historically adds roughly 2 per cent to demand," said analyst
Only a handful of Adani Group stocks have generated notable returns for investors over the past year and so far in 2026.
Adani Group will invest Rs 33,081 crore in Odisha across power, cement and data infrastructure projects, creating nearly 10,000 jobs and supporting the state's long-term economic growth plans
Rajesh Bhosale of Angel One has recommended buying the shares of Titan Company, Adani Power, and Godawari Power and Ispat today; check key rationales, and target price inside
The Ministry of Power outlined a ₹200 trillion ($2.2 trillion) long-term investment roadmap for India's power sector over the next two decades.
Heatwave alert: Rising temperatures could drive a surge in power demand. Analysts see opportunities in select power stocks like NTPC, Tata Power, JSW Energy, and Adani Power.
Kunal Kamble, technical analyst at Bonanza expects Adani Power to test ₹200 on the upside in the long-term, and Adani Energy Solutions to test ₹1,400 levels.
Adani Power stock was trading at ₹151.35, up by 3.3 per cent from the previous session's close of ₹146.57
Stocks to Watch today, March 16: Jindal Stainless, Seamec, Adani Power, GMR Airports, IndiGo, and Voltas are among the top stocks
Power to be supplied from upcoming ultra-supercritical plant under proposed 25-year agreement starting FY31
At 12:12 PM on Thursday; the BSE Power index was up 2.3 per cent at 7,043.98, as compared to 0.54 per cent decline in the BSE Sensex at 76,447.51.
As many as 34 out of the 40 constituent stocks were trading in the green, while six were in the red
The six stocks that will join the F&O segment include Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart