Adani Energy Solutions Gains 3.79%: 4 Key Factors Driving the Week’s Momentum

29 December 2025: Open Interest Surges Amid Price Decline

On 29 December, Adani Energy Solutions experienced a notable 12.54% increase in open interest in its derivatives segment, rising from 36,062 to 40,584 contracts. This surge indicated fresh market positioning despite the stock price declining by 1.63% to Rs.998.80, underperforming the Sensex’s 0.41% drop and the power sector’s 1.10% fall. The futures and options turnover was robust, with a combined derivatives value exceeding ₹89,700 lakhs, highlighting active trading interest.

Technically, the stock remained above all key moving averages, signalling an underlying bullish trend. However, delivery volumes fell by 34.24% compared to the five-day average, suggesting reduced investor participation in the cash market. This divergence between derivatives activity and cash market engagement pointed to speculative positioning, possibly short bets or hedging amid cautious sentiment.

30-31 December 2025: Recovery and Steady Gains

Following the dip on 29 December, the stock rebounded on 30 December, gaining 2.52% to close at Rs.1,023.95 despite the Sensex remaining flat (-0.01%). The recovery continued on 31 December with a further 0.52% rise to Rs.1,029.25, outperforming the Sensex’s 0.83% gain. Volume picked up, with 50,759 shares traded on 31 December and delivery volumes increasing by 26.9%, indicating renewed investor interest and participation.

1 January 2026: New 52-Week High and Bullish Derivatives Activity

Adani Energy Solutions hit a new 52-week high of Rs.1,058.25 on 1 January, marking a 2.82% intraday increase and closing with a 2.28% gain at Rs.1,045.70. This milestone capped a three-day consecutive gain of 5.18%, reflecting strong buying interest. The stock outperformed its sector by 0.56% and the Sensex by 2.27% on the day.

Derivatives activity remained vigorous, with open interest rising 11.54% to 33,645 contracts and volume at 32,196 contracts. The combined futures and options turnover reached ₹38,431.7 lakhs, underscoring robust liquidity. Delivery volumes increased, supporting genuine investor participation rather than speculative intraday trading. The stock’s position above all major moving averages confirmed a strong uptrend.

Despite the positive momentum, the Mojo Score remained cautious at 36.0 with a Sell grade, reflecting underlying fundamental concerns. Nevertheless, the technical and derivatives market signals suggested growing bullish sentiment among traders.

2 January 2026: Fresh 52-Week High and Continued Gains

On the final trading day of the week, Adani Energy Solutions extended its rally, reaching a new 52-week high of Rs.1,061.90 and closing at Rs.1,053.75, up 0.77% on the day. This marked the fourth consecutive day of gains, delivering a cumulative return of 6.12% over this period. The stock marginally underperformed the power sector’s 1.37% gain but outpaced the Sensex’s 0.48% rise.

The broader market environment was supportive, with the Sensex trading near its own 52-week high and maintaining a bullish moving average alignment. Adani Energy Solutions’ one-year return stood at 31.01%, significantly outperforming the Sensex’s 7.08% gain, highlighting its relative strength within the sector.

Technical indicators remained positive, with the stock trading above all key moving averages. The Mojo Score upgrade from Strong Sell to Sell earlier in October 2025 suggested some stabilisation in fundamentals, though caution remains warranted given the modest market capitalisation grade of 1.

Key Takeaways

Adani Energy Solutions demonstrated a resilient price recovery after an initial dip on 29 December, supported by strong derivatives market activity and technical momentum. The stock’s ability to hit consecutive 52-week highs and maintain levels above all major moving averages signals robust short- to medium-term strength.

However, the divergence between derivatives open interest surges and fluctuating delivery volumes suggests a mix of speculative trading and cautious investor participation. The Mojo Score of 36.0 with a Sell rating, albeit upgraded from Strong Sell, reflects ongoing fundamental concerns that temper the bullish technical outlook.

The stock’s outperformance relative to the Sensex and sector peers over the week and past year highlights its relative strength, but the modest market capitalisation grade and recent rating downgrade advise prudence. Traders appear optimistic, positioning for further gains, yet investors should remain mindful of potential volatility and sectoral headwinds.

Conclusion

Adani Energy Solutions Ltd’s 3.79% weekly gain amid a 1.35% Sensex rise encapsulates a week of mixed signals and evolving market sentiment. The stock’s technical strength and active derivatives participation contrast with cautious fundamental ratings and variable investor engagement in the cash market. The achievement of multiple 52-week highs and sustained momentum underscores a positive price trajectory, yet the Sell Mojo Grade and market cap considerations counsel a balanced approach. Overall, the stock remains a focal point for traders navigating a cautiously optimistic power sector environment as the new year begins.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today