Robust Trading Activity and Price Performance
On 4 February 2026, Adani Power witnessed a total traded volume of 4.73 crore shares, translating into a staggering traded value of approximately ₹7,140.99 crores. The stock opened at ₹145.00, touched an intraday high of ₹155.00, and closed near ₹152.90 by early afternoon, marking a significant 7.38% increase from the previous close of ₹143.62. This price action reflects a strong bullish momentum, with the stock outperforming the Power sector’s 2.82% gain and the broader Sensex’s modest 0.17% rise.
Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that early buying interest was met with some profit booking as prices rose. However, the sustained upward trajectory over the last three consecutive sessions has yielded a cumulative return of 15.66%, signalling a sustained recovery phase for the stock.
Institutional Interest and Delivery Volumes
Investor participation has surged markedly, with delivery volumes on 3 February reaching 1.64 crore shares—an increase of 131.59% compared to the five-day average delivery volume. This heightened delivery volume is a strong indicator of genuine buying interest rather than speculative intraday trading, often a precursor to sustained price movements.
Liquidity metrics further reinforce the stock’s attractiveness for institutional investors. With a liquidity threshold based on 2% of the five-day average traded value, Adani Power comfortably supports trade sizes of up to ₹7.17 crores, making it a viable option for large block trades without significant market impact.
Technical Indicators and Moving Averages
From a technical standpoint, Adani Power is trading above its key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating a strong upward trend across multiple timeframes. This alignment of moving averages typically signals bullish market sentiment and can attract momentum traders and institutional buyers alike.
Built for the long haul! Consecutive quarters of strong growth landed this Small Cap from Chemicals on our Reliable Performers list. Sustainable gains are clearly ahead!
- - Long-term growth stock
- - Multi-quarter performance
- - Sustainable gains ahead
Mojo Score and Rating Revision
Despite the recent price rally, Adani Power’s Mojo Score stands at 42.0, reflecting a cautious outlook. The company’s Mojo Grade was downgraded from Hold to Sell on 31 July 2025, signalling concerns over valuation or fundamental factors. The Market Cap Grade remains at 1, indicating a large-cap status with a market capitalisation of ₹2,79,339 crores, but the low Mojo Grade suggests that investors should weigh the risks carefully.
Such a downgrade often reflects deteriorating financial metrics or sectoral headwinds, and while the stock’s recent outperformance is encouraging, it remains essential for investors to monitor underlying fundamentals closely.
Sectoral Context and Comparative Performance
The Power sector, encompassing generation and distribution companies, has gained 2.82% on the day, with Adani Power outperforming the sector by 4.28%. This outperformance is significant given the sector’s typically stable but modest growth profile. The stock’s 1-day return of 6.91% contrasts favourably with the sector’s 3.01% and the Sensex’s 0.17%, highlighting its role as a market leader in terms of momentum.
Adani Power’s ability to sustain gains above key moving averages and its large trading volumes suggest that it is attracting both retail and institutional interest, possibly driven by expectations of improved operational performance or favourable policy developments in the power sector.
Large Order Flow and Market Impact
The substantial traded value of over ₹7,140 crores and the high volume of shares exchanged indicate significant large order flow. Such activity often points to institutional accumulation or rebalancing by mutual funds, insurance companies, or foreign portfolio investors. The stock’s liquidity profile supports these large trades without excessive price slippage, making it an attractive candidate for portfolio managers seeking exposure to the power sector.
However, investors should remain vigilant about potential volatility, especially given the stock’s recent upgrade in price and the contrasting Mojo Grade downgrade. The interplay between technical strength and fundamental caution creates a nuanced investment landscape.
Holding Adani Power Ltd from Power? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Investor Takeaway and Outlook
Adani Power’s recent surge in value turnover and price gains reflects a renewed investor appetite, buoyed by strong institutional participation and technical momentum. The stock’s ability to outperform its sector and the broader market amid rising delivery volumes suggests that it remains a key focus for large investors.
Nevertheless, the downgrade in Mojo Grade to Sell and the relatively modest Mojo Score of 42.0 counsel prudence. Investors should balance the technical strength and liquidity advantages against fundamental risks and valuation concerns. Monitoring quarterly earnings, sectoral policy changes, and broader market trends will be crucial in assessing the sustainability of the current rally.
For those seeking long-term growth, diversification within the power sector and consideration of alternative stocks with stronger fundamental grades may be advisable. The evolving market dynamics warrant a measured approach, combining technical analysis with fundamental scrutiny.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
