Intraday Trading Dynamics and Price Movement
On the first trading day of 2026, Adani Power witnessed a total traded volume of 3.45 crore shares, translating into a hefty traded value of ₹518.48 crore. The stock opened at ₹143.25 and surged to an intraday high of ₹153.16, marking a robust 7.11% gain from the previous close of ₹142.99. By 10:39 am, the last traded price stood at ₹150.30, reflecting a day change of 5.07%, significantly outperforming the Power sector’s 1.80% gain and the Sensex’s modest 0.12% rise.
The weighted average price indicated that a larger volume of shares exchanged hands closer to the day’s low price, suggesting some profit booking at elevated levels but sustained buying interest overall. The stock’s price remained above its 5-day, 20-day, 100-day, and 200-day moving averages, signalling a strong underlying trend, although it traded slightly below the 50-day moving average, indicating some near-term resistance.
Institutional Interest and Delivery Volumes
Despite the strong price performance, delivery volumes on 31 December 2025 fell by 12.33% compared to the 5-day average, with 44.41 lakh shares delivered. This decline in investor participation could imply that short-term traders dominated the session, while long-term holders remained cautious. Nevertheless, the stock’s liquidity remains robust, with the ability to support trade sizes of approximately ₹2.99 crore based on 2% of the 5-day average traded value, making it attractive for institutional investors and large order flows.
Mojo Grade Upgrade and Market Capitalisation
MarketsMOJO upgraded Adani Power’s Mojo Grade from Sell to Hold on 31 July 2025, reflecting an improvement in the company’s fundamental and technical outlook. The current Mojo Score stands at 51.0, indicating a neutral stance with potential for upside if momentum sustains. The company’s market capitalisation is substantial at ₹2,89,713.97 crore, categorising it firmly as a Large Cap stock within the Power sector.
This upgrade aligns with the stock’s recent price strength and increased trading activity, suggesting that analysts and investors are reassessing the company’s prospects amid evolving sector dynamics and operational performance.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- - Market-beating performance
- - Committee-backed winner
- - Aluminium & Aluminium Products standout
Sectoral Context and Comparative Performance
The Power sector has shown moderate gains in early 2026, with the sector index rising 1.80% on the day. Adani Power’s outperformance by 3.24% relative to its sector peers underscores its renewed appeal among traders and investors. This is particularly notable given the broader market’s subdued movement, with the Sensex barely advancing by 0.12%.
Such relative strength often attracts institutional investors seeking alpha in large-cap stocks with solid liquidity and trading volumes. The company’s ability to sustain above key moving averages further supports a positive technical outlook, although the resistance near the 50-day moving average warrants cautious optimism.
Quality and Risk Assessment
Adani Power’s Mojo Score of 51.0 and Hold grade reflect a balanced risk-reward profile. While the upgrade from Sell indicates improved fundamentals or market sentiment, the score suggests that investors should monitor developments closely before committing significant capital. The company’s large market cap and sector leadership provide a degree of stability, but volatility remains a factor given the recent fluctuations in delivery volumes and price action.
Investors should also consider broader sectoral trends, regulatory developments, and operational updates that could influence the stock’s trajectory in the coming months.
Is Adani Power Ltd your best bet? SwitchER suggests better alternatives across peers, market caps, and sectors. Discover stocks that could deliver more for your portfolio!
- - Better alternatives suggested
- - Cross-sector comparison
- - Portfolio optimization tool
Outlook and Investor Considerations
Looking ahead, Adani Power’s strong liquidity and active trading volumes position it well to absorb large order flows without significant price disruption. The stock’s recent upgrade and outperformance relative to sector and benchmark indices may attract further institutional interest, particularly if the company reports positive operational results or benefits from favourable policy changes in the power sector.
However, investors should remain vigilant regarding the dip in delivery volumes, which may indicate some hesitancy among long-term holders. Monitoring volume trends alongside price action will be crucial to gauge sustained investor confidence.
Given the current Hold rating and neutral Mojo Score, a cautious approach with close attention to technical signals and sector developments is advisable. Diversification within the power sector and across market capitalisations may also help mitigate risks while capturing potential upside.
Summary
Adani Power Ltd’s trading session on 1 January 2026 was marked by high value turnover, a notable intraday price rally, and an upgrade in its Mojo Grade, reflecting improved market sentiment. The stock outperformed its sector and the broader market, supported by strong liquidity and institutional interest. While delivery volumes showed a decline, the overall technical and fundamental indicators suggest a cautiously optimistic outlook for investors considering exposure to this large-cap power sector stock.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Saving Now →
