Adani Power Ltd Hits Intraday High with Strong 4.61% Surge on 3 Feb 2026

Intraday Trading Highlights

Adani Power Ltd opened the day with a significant gap-up of 7.77%, setting a positive tone for the session. The stock maintained its upward trajectory to touch an intraday peak of Rs 145, representing a 7.77% increase on the day. By close, it recorded a day change of 4.61%, outperforming the Power Generation and Distribution sector, which gained 2.74% during the same period.

The stock’s performance was also strong relative to the Sensex, which closed down by 2.62% after an initial gap-up opening of 3,656.74 points. Adani Power’s 5.98% one-day gain notably exceeded the Sensex’s 2.60% rise, underscoring its relative strength in a volatile market.

Technical Positioning and Moving Averages

From a technical perspective, Adani Power’s price remains above its 5-day, 20-day, 50-day, and 200-day moving averages, signalling short- to long-term strength. However, it is still trading below its 100-day moving average, indicating some resistance at that level. This mixed technical picture suggests that while the stock has gained momentum recently, it faces intermediate hurdles.

Notably, the stock has recorded consecutive gains over the last two days, accumulating an 8.28% return in this period. This short-term rally contrasts with its one-month and three-month performances, which show declines of 3.75% and 9.00% respectively, reflecting some recent volatility.

Sector and Market Context

The Power sector, to which Adani Power belongs, gained 2.74% on the day, supported by broad-based buying in power generation and distribution stocks. Despite the sector’s positive movement, the broader market showed signs of hesitation. The Sensex, after a strong gap-up start, reversed course to close 2.62% lower at 83,803.45 points, remaining 2.81% shy of its 52-week high of 86,159.02.

Market breadth was influenced by mega-cap stocks, which led the market gains despite the overall decline. The Sensex is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a cautiously bullish medium-term trend.

Performance Metrics Over Various Timeframes

Adani Power’s performance over longer periods presents a mixed picture. The stock has delivered a remarkable 41.95% return over the past year, significantly outperforming the Sensex’s 8.55% gain. Over three and five years, the stock’s returns have been even more pronounced, at 271.26% and 1,259.39% respectively, dwarfing the Sensex’s 37.71% and 66.72% gains over the same periods.

However, the year-to-date return stands at a slight negative 0.28%, marginally better than the Sensex’s -1.68%. The one-month and three-month returns remain negative at -3.75% and -9.00%, respectively, indicating some recent pressure despite the strong intraday performance today.

Mojo Score and Rating Update

Adani Power currently holds a Mojo Score of 42.0, categorised under a Sell grade as of 31 Jul 2025, following a downgrade from a previous Hold rating. The stock’s Market Cap Grade is rated at 1, reflecting its relative size and liquidity within the power sector. These metrics provide a quantitative backdrop to the stock’s recent price action and technical positioning.

The downgrade to Sell indicates a cautious stance based on the company’s fundamentals and market factors, despite the recent price strength. This rating is part of the MarketsMOJO framework, which integrates multiple data points to assess stock quality and momentum.

Summary of Trading Action

In summary, Adani Power Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a gap-up opening, sustained buying interest, and a peak price of Rs 145. The stock outperformed both its sector and the broader market, which faced selling pressure after an initial rally. Technical indicators show the stock holding above key short- and long-term moving averages, though resistance remains near the 100-day average.

While the stock’s recent gains are notable, its mixed medium-term performance and current Mojo rating suggest a nuanced outlook. The power sector’s positive momentum today provided a supportive environment, even as the Sensex retreated from its highs.

Market Snapshot

Sensex opened sharply higher by 3,656.74 points but reversed to close down 1,519.75 points at 83,803.45, a 2.62% decline. The index remains close to its 52-week high, with technicals showing a cautious medium-term trend. Mega-cap stocks led the market’s gains despite the overall decline, highlighting selective buying interest.

Conclusion

Adani Power Ltd’s intraday high and strong 4.61% gain on 3 Feb 2026 underscore its capacity for sharp price movements amid broader market volatility. The stock’s technical positioning and recent consecutive gains reflect positive momentum, even as longer-term trends and ratings suggest measured caution. The power sector’s outperformance today provided a favourable backdrop for the stock’s advance.

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