Intraday Trading Dynamics and Price Movement
On 2 Feb 2026, Adani Green Energy Ltd recorded a significant intraday rally, touching a high of Rs 828, which represents a 2.8% rise from its previous close. The stock closed with a day change of 3.49%, outperforming the power sector by 2.6% and the Sensex by 3.10 percentage points. This marks a reversal after two consecutive days of decline, signalling a shift in short-term trading sentiment.
The stock exhibited high volatility, with an intraday volatility of 21.96% calculated from the weighted average price, indicating active trading and price fluctuations during the session. The price movement was supported by the stock trading above its 5-day moving average, although it remained below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while short-term momentum has improved, longer-term trends remain subdued.
Market Context and Sector Comparison
The broader market environment on the day was characterised by a recovery in the Sensex after a negative start. The index opened 167.26 points lower but rebounded by 361.06 points to close at 80,916.74, up 0.24%. Despite trading below its 50-day moving average, the Sensex’s 50DMA remains above its 200DMA, indicating a mixed but cautiously optimistic market backdrop. Mega-cap stocks led the market gains, contributing to the overall positive sentiment.
Within this context, Adani Green Energy Ltd’s 3.31% gain for the day notably outperformed the Sensex’s 0.21% rise, underscoring the stock’s relative strength in the power sector. Over the past week, the stock has gained 7.78%, contrasting with the Sensex’s decline of 0.79%, further highlighting its recent resilience despite longer-term challenges.
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Performance Trends and Historical Comparison
Despite the strong intraday performance, Adani Green Energy Ltd’s longer-term price trajectory remains under pressure. The stock has declined 19.89% over the past month and 27.07% over the last three months, significantly underperforming the Sensex’s respective declines of 5.67% and 3.63%. Year-to-date, the stock is down 18.00%, compared to the Sensex’s 5.08% fall.
Over a one-year horizon, the stock has decreased by 16.48%, while the Sensex has gained 4.37%. The three-year and five-year performances also reflect underperformance, with the stock down approximately 19.8% and 19.4% respectively, contrasting with the Sensex’s robust gains of 34.98% and 62.45%. The ten-year performance remains flat for the stock, whereas the Sensex has surged by 229.66% over the same period.
Mojo Score and Market Capitalisation Insights
Adani Green Energy Ltd currently holds a Mojo Score of 7.0, categorised as a Strong Sell, an upgrade from its previous Sell rating on 5 Jan 2026. The stock’s market capitalisation grade is rated at 1, indicating a relatively low market cap standing within its sector. These metrics reflect the stock’s current valuation challenges despite the recent intraday gains.
Technical Indicators and Moving Averages
The stock’s position relative to its moving averages provides further insight into its trading dynamics. Trading above the 5-day moving average suggests short-term buying interest, yet the price remains below the 20-day, 50-day, 100-day, and 200-day moving averages. This indicates that while there is some immediate upward momentum, the stock has yet to break through key resistance levels that would signal a more sustained recovery.
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Summary of Trading Session
The trading session on 2 Feb 2026 for Adani Green Energy Ltd was marked by strong intraday gains and heightened volatility. The stock’s 3.49% increase and intraday high of Rs 828 reflect a notable rebound after recent declines. This performance outpaced both the power sector and the broader market, which saw the Sensex rise by 0.24% after recovering from an initial dip.
While the stock’s short-term momentum has improved, as evidenced by its position relative to the 5-day moving average, longer-term moving averages and performance metrics indicate ongoing challenges. The Mojo Score of 7.0 and Strong Sell rating further underscore the cautious outlook on the stock’s valuation and market standing.
Overall, the session highlights a day of active trading and price recovery for Adani Green Energy Ltd, set against a backdrop of mixed market signals and sector dynamics.
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