Adani Power Stock Surpasses Record High for Fifth Consecutive Day Amid Strong Technical and Financial Indicators Adani Power shares surged to a record high of Rs 197.05 on Friday, marking the fifth consecutive session of gains. The stock’s market capitalization climbed to Rs 3.75 lakh crore, reflecting investor confidence in the company’s growth trajectory. The rally has been driven by a combination of technical momentum, strategic business expansions, and positive financial performance, despite recent volatility. The stock is currently overbought, with a Relative Strength Index (RSI) of 84.6, indicating strong buying pressure. Analysts note that Adani Power is trading above its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, signaling a bullish trend. Jigar S Patel of Anand Rathi highlighted the technical outlook, stating that support is at Rs 182 while resistance stands at Rs 205. A breakout above Rs 205 could open the door for further gains, with the stock expected to trade within the Rs 182–Rs 210 range in the short term. The company’s recent strategic moves have also bolstered investor sentiment. In February 2026, Adani Power incorporated Adani Atomic Energy Ltd (AAEL), a subsidiary focused on nuclear energy. This marks the company’s entry into the clean energy sector, aligning with India’s push for sustainable power generation. The initiative underscores Adani’s long-term vision to diversify its energy portfolio beyond traditional sources. Financial metrics further support the stock’s upward trajectory. Over the past three years, the company’s net profit has grown at a compound annual growth rate (CAGR) of 37%, while EBITDA has expanded at a 20% CAGR.#adani_power #anand_rathi #bernstein_research #jigar_s_patel #adani_atomic_energy_ltd
