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
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
India has added 65 Gw of renewable energy capacity, 4 Gw of hydro, 0.6 Gw of nuclear and 10 Gw of coal-based capacity since May 2024
Antique highlighted JSW Energy and Adani Power as its preferred picks, citing their strong execution visibility
The move comes as India opens its nuclear power sector to greater private participation to meet rising electricity demand and curb carbon emissions
Adani Power reported a consolidated net profit of ₹2,480 crore for Q3FY6, down 19 per cent from ₹3,057.21 crore during the same period last year
Adani Power attributed the decline in Q3 profit to lower one-time prior period income recognised during the quarter, as compared to the corresponding quarter of FY25
Q3FY26 company results: Firms including Dabur India, Tata Motors, Paytm, Swiggy, and Canara Bank are also to release their October-December earnings today
Bangladesh government-appointed panel claimed electricity from Adani's Godda plant is priced well above market rates and includes Indian corporate taxes
NCLAT upholds Adani Power's ₹4,000 crore resolution plan for Vidarbha Industries Power, rejecting challenges on CIRP timeline and operational creditor payouts under the IBC
A bench comprising Justices Aravind Kumar and NV Anjaria held that the customs department lacked statutory authority to impose duty on electrical energy cleared from the SEZ to the DTA
On the financial front, JM Financial expects revenue and Ebitda to grow at a CAGR of 15 per cent and 18 per cent, respectively, over FY25-28, driven by ongoing capacity additions.
In general, a bearish engulfing candlestick pattern is considered as a bearish sign, as the latest candle completely overshadows the preceding day's price action on the charts.
Antique Stock Broking has a target price of ₹187 per share for Adani Power, an upside of 30 per cent from Monday's close.
Adani Power Ltd (APL) would invest around Rs 48,000 crore to set up a greenfield power plant while Adani Green Energy Ltd (AGEL) would put in approximately Rs 15,000 crore for the two PSPs
The Bihar government awarded the 2,400 MW Bhagalpur (Pirpainti) power project to Adani Power Ltd after a competitive bidding process in which the Ahmedabad-based company quoted a lower electricity tariff than three other bidders, including Torrent Power and JSW Energy, sources said. The Bihar government had floated an open tender for the Bhagalpur project to meet the state's electricity demand, projected to double to over 17,000 MW by 2034-35. Four qualified bidders participated in the tender, with Adani Power quoting the lowest electricity tariff of Rs 6.075 per kWh (or per unit), sources with direct knowledge of the bidding process said. Adani Power emerged as the lowest bidder (L1) with a tariff of Rs 6.075 per kWh, comprising a fixed charge of Rs 4.165 and a fuel charge of Rs 1.91 per unit. The state government described the tariff as "highly competitive", noting that similar recent bids in Madhya Pradesh quoted higher fixed charges. Torrent Power was the second lowest bidder