Adani Power Experiences Trend Reversal Amid Broader Market Gains and Mixed Performance

May 05 2025 10:15 AM IST
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Adani Power experienced a notable uptick on May 5, 2025, reversing a three-day decline and reaching an intraday high. While the stock is positioned above some moving averages, it remains below others, indicating mixed short-term performance. In the broader market, the Sensex continued its upward trend, supported by mid-cap stocks.
Adani Power has shown notable activity today, gaining 3.54% on May 5, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to today. The stock reached an intraday high of Rs 540.6, reflecting a 2.99% increase during the trading session.

In terms of moving averages, Adani Power is currently positioned higher than its 50-day and 100-day moving averages, although it remains below the 5-day, 20-day, and 200-day moving averages. This indicates a mixed short-term performance relative to longer-term trends.

In the broader market context, the Sensex has continued its upward trajectory, climbing 227.57 points to reach 80,889.19, a 0.48% increase. The Sensex has gained 7.63% over the past three weeks, with mid-cap stocks leading the market today.

Over various time frames, Adani Power's performance has been varied, with a year-to-date increase of 2.80% compared to the Sensex's 3.52%. However, the stock has seen a decline of 10.00% over the past year, contrasting with the Sensex's 9.49% gain.
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