Adani Green Energy Ltd Hits Intraday Low Amid Price Pressure

Intraday Performance and Price Movement

On 23 Jan 2026, Adani Green Energy Ltd's shares underperformed considerably, closing the day down by 3.13%, a sharper fall compared to the benchmark Sensex, which declined by 0.38%. The stock's intraday low of Rs 876.15 marked a 3.12% decrease from its previous close, signalling persistent selling pressure throughout the trading session. This decline also represented an underperformance relative to the power sector, with Adani Green lagging by 1.97% against its peers.

Technical indicators further highlighted the stock's subdued momentum. Adani Green is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained downtrend. This technical positioning suggests that the stock remains under pressure from a short- to long-term perspective.

Market Context and Sectoral Trends

The broader market environment contributed to the stock's weakness. The Sensex opened flat with a marginal gain of 28.57 points but soon reversed course, falling by 344.28 points to close at 81,991.66, a 0.38% decline. The index's trading below its 50-day moving average, despite the 50DMA remaining above the 200DMA, indicates a cautious market sentiment with potential for further volatility.

Within this context, the power sector, where Adani Green operates, faced headwinds that compounded the stock's decline. The sector's relative underperformance against the Sensex intensified the downward pressure on Adani Green shares, reflecting investor caution in the space.

Recent Performance Trends

Adani Green Energy Ltd's recent performance metrics reveal a consistent pattern of underperformance relative to the Sensex across multiple time frames. Over the past week, the stock declined by 5.80%, compared to the Sensex's 1.89% fall. The one-month performance shows a sharper drop of 13.86% against the Sensex's 4.13% decrease. Extending the horizon, the three-month decline stands at 16.19%, while the Sensex fell by 3.03% in the same period.

Year-to-date figures also reflect this trend, with Adani Green down 13.67% compared to the Sensex's 3.79% loss. Over the past year, the stock has fallen 14.23%, contrasting with the Sensex's 7.15% gain. Longer-term data further emphasises the stock's challenges, with a three-year decline of 54.63% versus the Sensex's 34.54% rise, and a five-year drop of 16.36% against the Sensex's 67.75% increase. The ten-year performance remains flat for Adani Green, while the Sensex has surged by 235.54%.

Mojo Score and Ratings Update

Adani Green Energy Ltd currently holds a Mojo Score of 21.0, categorised as a Strong Sell. This represents a downgrade from its previous Sell rating, which was revised on 05 Jan 2026. The company's Market Cap Grade remains at 1, indicating a lower market capitalisation relative to peers. These ratings reflect the stock's ongoing challenges and the cautious stance adopted by rating agencies.

Technical and Sentiment Analysis

The stock's position below all major moving averages signals a bearish technical outlook. The inability to sustain levels above short- and long-term averages suggests that selling interest remains dominant. Market sentiment towards Adani Green appears subdued, influenced by both sectoral pressures and broader market volatility. The Sensex's negative trajectory today, combined with the stock's sharper decline, highlights the immediate pressures weighing on the share price.

Summary of Current Market Pressures

Adani Green Energy Ltd's decline today is a reflection of multiple converging factors. The stock's underperformance relative to both the Sensex and its sector peers indicates heightened price pressure. Trading below all key moving averages reinforces the technical weakness, while the broader market's negative tone adds to the cautious environment. The downgrade to a Strong Sell rating and a low Mojo Score further underline the challenges faced by the company in the current market climate.

Investors observing the stock will note the persistent downward trend across short-, medium-, and long-term time frames, with no immediate signs of reversal based on current data. The combination of sectoral headwinds and overall market softness has contributed to the stock touching its intraday low and closing near these levels.

Conclusion

In summary, Adani Green Energy Ltd's share price today reflected significant intraday weakness, driven by sustained selling pressure and a cautious market backdrop. The stock's technical indicators and recent performance metrics point to ongoing challenges, with the broader market environment providing limited support. As the stock remains below critical moving averages and carries a Strong Sell rating, the immediate outlook remains subdued, consistent with the day's price action.

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