Home > Stock Market News > Adani Power shares jump
January 2, 2026 — Shares of Adani Power Ltd. exhibited a strong performance on Thursday, surging more than 7 percent to ₹153.20 on the BSE as investors responded to upbeat brokerage reports that emphasised a sustained earnings upcycle and robust long-term demand fundamentals.
The stock’s sharp gain marked one of its most significant daily advances in recent sessions, reflecting renewed investor confidence underpinned by strategic capacity expansion plans and improving revenue visibility.
Brokerage Assessments Highlight Long-Term Growth Potential
Leading brokerages including Antique Stock Broking and Morgan Stanley have updated their outlooks on Adani Power, framing the company’s trajectory in the context of a multi-year earnings upcycle:
- Antique Stock Broking initiated coverage with a Buy rating, forecasting a significant expansion in generation capacity from roughly 18.15 GW in FY25 to approximately 41.9 GW by FY33. This planned growth — more than double current capacity — is expected to enhance earnings visibility over the coming decade.
- Morgan Stanley raised its price target on Adani Power shares to around ₹185, projecting an EBITDA compound annual growth rate (CAGR) of approximately 20 percent through FY33, supported by recent power purchase agreement wins and structural demand trends in India’s power market.
Brokerages also highlighted that Adani Power has secured a majority share in state-led thermal power procurement cycles, accounting for approximately 70 percent of awarded capacity in recent tenders — reinforcing the company’s execution strength and competitive position.
Structural Demand Drivers and Power Sector Dynamics
Analysts point to India’s burgeoning baseload electricity demand as a key catalyst for Adani Power’s growth narrative. With demand for reliable, around-the-clock power projected to rise in line with industrial expansion, electric vehicle adoption, data centre build-outs, and broader economic activity, thermal generation — particularly when backed by long-term power purchase agreements (PPAs) — remains critical to the grid’s stability.
Nearly 90 percent of the company’s operational capacity and a significant portion of its expansion portfolio are already supported by long-term PPAs or letters of intent, providing clearer revenue visibility and supporting cash-flow predictability — factors that market participants view as constructive for future earnings.
Market Context and Investor Considerations
The broader power sector has seen mixed performance in recent months, but Adani Power’s stock performance and earnings outlook have outpaced many peers, driven by strategic capacity build-outs and improved contract structures. While the stock’s recent rise reflects positive sentiment, analysts caution that sustained performance will depend on timely project execution and the realisation of projected demand trends.
For investors, the brokerage-led optimism adds a compelling angle to Adani Power’s investment thesis, though individual risk profiles and market conditions should inform any portfolio decisions.
Technical View: Adani Power Stock
From a technical perspective, Adani Power’s sharp move was accompanied by strong trading volumes, indicating institutional participation. The stock has rebounded above its short-term moving averages, suggesting improving near-term momentum.
- Immediate resistance: Near recent swing highs
- Support zone: Previous consolidation range
- Trend bias: Positive as long as price sustains above key support levels
Momentum indicators reflect renewed buying interest; however, short-term traders may watch for consolidation after the sharp rally.
FAQs about Adani Power shares
Why did Adani Power shares rise sharply today?
Adani Power shares jumped after multiple brokerages highlighted a multi-year earnings upcycle, driven by capacity expansion, long-term power purchase agreements, and rising electricity demand.
What is driving Adani Power’s earnings growth outlook?
Key drivers include planned generation capacity expansion, high PPA coverage ensuring revenue visibility, and strong demand for baseload power in India.
Is Adani Power benefiting from India’s power demand growth?
Yes. Analysts note that industrial growth, data centers, and infrastructure development are increasing demand for reliable, round-the-clock electricity.
What are brokerages saying about Adani Power stock?
Several brokerages have issued positive outlooks, citing long-term earnings visibility and improved cash-flow stability, with some raising their price targets.
Is Adani Power a long-term investment opportunity?
While analysts see structural positives, investors should consider execution risks, regulatory factors, and overall market conditions before investing.
Also Read:
- Why 5StarsStocks.com Is Gaining Popularity Among Retail Investors
- Neelkanth invested 45000 for 3 years
Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Market investments are subject to risk.
Feel free to Write for Us about Finance and Follow Us on: Twitter, Facebook, Instagram, Threads, and Whatsapp Group.