Adani Energy Solutions Ltd Hits Intraday Low Amid Price Pressure

Intraday Performance and Price Movement

On 1 Feb 2026, Adani Energy Solutions Ltd (stock ID 999961) recorded a day’s low at Rs 868.55, marking a 2.99% drop from its previous close. The stock’s overall day change was a decline of 4.03%, underperforming the power sector by 2.57%. This intraday low reflects persistent selling pressure, with the stock trading below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – signalling a weak technical setup.

The stock’s performance today was notably weaker than the Sensex, which itself reversed sharply after a positive start, falling 1,239.80 points or 1.36% to trade at 81,149.17. Adani Energy Solutions Ltd’s one-day decline of 4.14% contrasted with the Sensex’s 1.54% fall, highlighting the stock’s relative weakness in the current market context.

Recent Trend and Market Context

Adani Energy Solutions Ltd has been on a downward trajectory over the past two days, with cumulative returns falling by 4.73%. This short-term weakness comes amid a broader market correction, where the Sensex is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed medium-term signals for the benchmark index.

Over longer periods, the stock’s performance has been mixed. Year-to-date, it has declined by 16.61%, considerably underperforming the Sensex’s 4.95% fall. Over one month and three months, the stock has dropped 16.18% and 11.07% respectively, both figures significantly worse than the Sensex’s declines of 4.33% and 4.03% over the same periods. However, on a one-year basis, the stock has delivered a positive return of 16.00%, outperforming the Sensex’s 5.53% gain, though this longer-term strength has not translated into recent resilience.

Technical Indicators and Market Sentiment

The stock’s trading below all major moving averages indicates a bearish technical stance. The 5-day and 20-day moving averages, which often reflect short-term momentum, are both above the current price, suggesting that recent selling pressure has been sustained. The 50-day, 100-day, and 200-day moving averages, which provide insight into medium and long-term trends, also remain above the stock price, reinforcing the subdued sentiment.

Market sentiment towards Adani Energy Solutions Ltd appears cautious, as reflected in its Mojo Score of 51.0 and a Mojo Grade of Hold, upgraded from Sell on 27 Jan 2026. Despite this upgrade, the stock’s Market Cap Grade remains at 1, indicating a relatively low market capitalisation rating within its peer group. The Hold grade suggests a neutral stance, consistent with the current price pressures and lack of strong directional momentum.

Comparative Performance Within Sector and Market

Within the power sector, Adani Energy Solutions Ltd’s underperformance today by 2.57% relative to its peers highlights sector-specific pressures. The broader power sector has faced volatility amid fluctuating energy demand and regulatory developments, which may be contributing to the stock’s price weakness. The Sensex’s sharp reversal after a positive opening further underscores the cautious mood prevailing across the market.

Over the medium term, the stock’s relative underperformance compared to the Sensex and sector peers suggests that investors are pricing in near-term challenges or uncertainties. The stock’s three-year return of -49.81% contrasts sharply with the Sensex’s 36.14% gain, indicating that Adani Energy Solutions Ltd has struggled to maintain consistent growth momentum over the longer horizon despite its impressive 10-year return of 2248.15%.

Summary of Price Pressure Drivers

The decline in Adani Energy Solutions Ltd’s share price today is primarily driven by a combination of broad market weakness and sector-specific headwinds. The Sensex’s sharp reversal from an initial gain to a 1.36% loss reflects a risk-off sentiment among investors, which has weighed on stocks across sectors, including power.

Adani Energy Solutions Ltd’s technical positioning below all key moving averages has likely triggered additional selling from momentum-based traders. The stock’s recent consecutive falls over two sessions, with a cumulative 4.73% decline, reinforce the prevailing negative momentum. This has been compounded by the stock’s underperformance relative to the sector and benchmark indices, signalling a cautious stance among market participants.

While the stock’s longer-term performance remains positive on a one-year and ten-year basis, the current price action highlights near-term pressures that have yet to be fully absorbed by the market. The Hold rating and Mojo Score of 51.0 reflect a neutral outlook, consistent with the observed price volatility and subdued investor sentiment.

Broader Market and Sector Influence

The power sector, to which Adani Energy Solutions Ltd belongs, has experienced volatility amid shifting demand patterns and regulatory developments. These factors have contributed to the sector’s uneven performance and may be influencing the stock’s price dynamics. The Sensex’s trading below its 50-day moving average, despite the 50DMA remaining above the 200DMA, suggests a market in transition, with investors weighing risks and opportunities carefully.

In this environment, stocks like Adani Energy Solutions Ltd that are trading below multiple moving averages and showing relative weakness tend to face additional selling pressure. This dynamic is evident in the stock’s 4.03% decline today and its underperformance relative to both the sector and the Sensex.

Conclusion

Adani Energy Solutions Ltd’s intraday low of Rs 868.55 and overall 4.03% decline on 1 Feb 2026 reflect a challenging trading session marked by price pressure and subdued market sentiment. The stock’s technical weakness, combined with broader market volatility and sector-specific factors, has contributed to its underperformance relative to peers and the benchmark index. While the stock’s longer-term returns remain positive, the immediate pressures have resulted in a cautious trading environment for Adani Energy Solutions Ltd.

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