Bernstein says leverage, pledged-share and overseas funding concerns around Adani Group have eased after recent US-related legal overhangs were resolved
Adani Power on Thursday said it has entered into definitive agreements to acquire a 24 per cent stake in Jaiprakash Power Ventures and other thermal assets from Jaiprakash Associates for about Rs 4,193.59 crore. According to a regulatory filing, the company has also inked a Share Purchase Agreement for the acquisition of 24 per cent shares of Jaiprakash Power Ventures Ltd, held by Jaiprakash Associates. Further, Adani Power has inked a Business Transfer Agreement for the acquisition of the 180 MW thermal power plant of Jaiprakash Associates located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by Jaiprakash Associates. It stated that the consideration for 24 per cent of the shareholding of JPVL, held by JAL, stood at Rs 2,993.60 crore and for the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49 per cent shares of Prayagraj Power Generation Company Ltd, held by JAL, is Rs
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
Till 02:53 PM on Monday, as many as 52.52 million equity shares representing 2.3% of total equity of Adani Ports changed hands on the NSE and BSE.
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.98 per cent and 0.48 per cent down, respectively
Adani Power reported strong PAT generation in Q4, driven by robust operating profitability and lower tax expenses.
Profit before tax came in at ₹4,383.98 crore, while total expenses were ₹11,605.11 crore during the quarter
Q4FY26 company results: Firms including Indian Bank, Waaree Energies, Fino Payments Bank, and Indian Overseas Bank are also to release their January-March earnings today
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
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
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.
Only a handful of Adani Group stocks have generated notable returns for investors over the past year and so far in 2026.
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
Power Mech Projects has secured an order worth ₹109.22 crore from Hindustan Zinc for operation and maintenance services
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.