Intraday Trading Highlights
On 2 Feb 2026, Adani Energy Solutions Ltd (Stock ID: 999961) exhibited a strong rebound after two consecutive days of decline. The stock touched an intraday peak of Rs 868.5, representing a 2.61% increase from its previous close. By the end of the trading day, the stock recorded a day change of 3.02%, significantly outpacing the Sensex’s gain of 0.66% and outperforming the power sector by 2.32%.
The trading activity reflected a positive shift in momentum, with the stock reversing its short-term downtrend. Despite this intraday strength, the stock remains trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating that the broader trend remains under pressure.
Market Context and Sector Performance
The broader market on 2 Feb 2026 opened on a negative note, with the Sensex dropping 167.26 points initially. However, it recovered sharply, gaining 729.03 points to close at 81,284.71, a 0.7% increase. Mega-cap stocks led this recovery, providing a supportive backdrop for the market. The Sensex is currently trading below its 50-day moving average, although the 50DMA remains above the 200DMA, signalling a mixed technical outlook.
Within this environment, Adani Energy Solutions Ltd’s outperformance stands out, as it gained 3.01% on the day compared to the Sensex’s 0.66%. This relative strength highlights the stock’s ability to buck the broader market trend during the session.
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Performance Trends Over Various Timeframes
Examining the stock’s performance over multiple periods reveals a mixed picture. Over the past week, Adani Energy Solutions Ltd has gained 7.08%, outperforming the Sensex which declined by 0.35%. However, the one-month and three-month performances show declines of 17.26% and 11.58% respectively, both underperforming the Sensex’s losses of 5.26% and 3.20% over the same periods.
On a longer-term basis, the stock has delivered a 16.88% gain over the past year, significantly outperforming the Sensex’s 4.84% rise. Conversely, the year-to-date performance is negative at -15.29%, compared to the Sensex’s -4.65%. The three-year trend remains challenging with a decline of 44.01%, while the Sensex has gained 35.58% in that timeframe. Over five and ten years, the stock has delivered strong cumulative returns of 77.38% and an impressive 2434.59% respectively, well ahead of the Sensex’s 63.17% and 231.12% gains.
Mojo Score and Rating Update
Adani Energy Solutions Ltd currently holds a Mojo Score of 52.0, categorised as a Hold. This represents an upgrade from its previous Sell rating, which was revised on 27 Jan 2026. The stock’s Market Cap Grade remains at 1, indicating a relatively lower market capitalisation compared to peers in the power sector.
The upgrade in rating reflects the stock’s recent positive price action and improved momentum, although the overall technical and fundamental indicators suggest a cautious stance given the stock’s position below key moving averages.
Trading Dynamics and Immediate Catalysts
The intraday surge was supported by a combination of market recovery and sector-specific factors. The power sector, while generally subdued, saw Adani Energy Solutions Ltd emerge as a relative outperformer. The stock’s rebound after two days of decline suggests short-term buying interest and a potential technical bounce.
Despite the positive intraday movement, the stock’s trading below all major moving averages indicates that the broader trend remains under pressure. This suggests that while the stock has demonstrated strength today, it is still navigating a challenging technical landscape.
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Summary of Intraday and Recent Market Activity
Adani Energy Solutions Ltd’s strong intraday performance on 2 Feb 2026 stands out amid a recovering market. The stock’s 3.02% gain and intraday high of Rs 868.5 reflect a notable rebound after a brief period of decline. This outperformance relative to the Sensex and sector indices highlights the stock’s capacity to respond positively to market conditions.
However, the stock’s position below all major moving averages and mixed medium-term performance metrics suggest that investors should consider the broader technical context. The recent upgrade in Mojo Grade from Sell to Hold indicates a cautious improvement in outlook, but the stock remains in a phase of consolidation and recovery.
Overall, the trading session on 2 Feb 2026 demonstrated a clear intraday strength for Adani Energy Solutions Ltd, supported by market recovery and sector dynamics, while the longer-term trend remains to be fully established.
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