Adani Energy Solutions Faces Continued Decline Amid Broader Market Resilience

Adani Energy Solutions has experienced a notable decline of 3.02% on April 2, 2025, underperforming the sector by 2.04%. This marks the third consecutive day of losses for the stock, which has seen a total drop of 3.69% over this period. The stock reached an intraday low of Rs 840, reflecting a decrease of 3.2%.
In terms of moving averages, Adani Energy Solutions is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average, indicating mixed short- to medium-term trends.

In the broader market context, the Sensex has shown resilience, climbing 261.65 points to reach 76,407.93, a gain of 0.5% after a positive opening. While the Sensex is trading above its 50-day moving average, this average is still below the 200-day moving average, suggesting a divergence in market momentum.

Over the past month, Adani Energy Solutions has outperformed the Sensex with a return of 29.48%, compared to the index's 4.37%. However, the stock's one-year performance remains negative at -23.23%, contrasting sharply with the Sensex's gain of 3.38%.