Adani Power Sees Exceptional Volume Surge Amidst Market Activity

On the trading day, Adani Power opened at ₹150.30 and reached an intraday high of ₹152.66, marking a 2.08% increase from the previous close of ₹149.55. The stock's last traded price (LTP) stood at ₹151.51 as of 09:44:46 IST, representing a day change of 1.34%. This performance outpaced the broader power sector, which recorded a marginal 0.02% gain, and the Sensex, which saw a slight decline of 0.02% on the same day.

The stock's price movement indicates a trend reversal after two consecutive days of decline, signalling renewed buying interest. Notably, Adani Power's price remains above its 50-day, 100-day, and 200-day moving averages, suggesting a medium to long-term positive momentum. However, it trades below its 5-day and 20-day moving averages, indicating some short-term consolidation or profit booking.

Investor participation has shown a marked increase, with delivery volume on 18 Nov 2025 reaching 1.11 crore shares. This figure represents a 44.68% rise compared to the five-day average delivery volume, highlighting a significant accumulation phase. Such a rise in delivery volume often points to genuine buying interest rather than speculative trading, which could support the stock's price stability in the near term.

Liquidity remains robust for Adani Power, with the stock's traded value amounting to approximately 2% of its five-day average traded value. This liquidity level supports trade sizes up to ₹7.35 crores without significant price impact, making it attractive for institutional and retail investors alike.

Adani Power's market capitalisation stands at ₹2,92,452.40 crores, categorising it as a large-cap stock within the power industry. This sizeable market cap underlines the company's significant presence and influence in the sector. The stock's mojo score of 58.0, accompanied by a mojo grade of Hold as of 31 Jul 2025, reflects a balanced evaluation of its current fundamentals and market positioning. This grade represents an adjustment in evaluation from a previous Sell grade, indicating a shift in market perception or company performance metrics.

The surge in trading volume and price action can be attributed to multiple factors. Firstly, the power sector has been under close watch due to evolving energy policies and infrastructure investments, which may be driving investor interest in key players like Adani Power. Secondly, the stock's liquidity and rising delivery volumes suggest accumulation by market participants, potentially signalling confidence in the company's medium-term prospects.

From a technical perspective, the stock's ability to maintain levels above its longer-term moving averages while experiencing short-term price fluctuations is indicative of a consolidation phase. This phase often precedes a directional move, which investors will monitor closely. The intraday high of ₹152.66 and the current LTP of ₹151.51 suggest that the stock is testing resistance levels, with volume supporting the price action.

Comparatively, Adani Power's outperformance relative to the sector and benchmark indices on the day highlights its relative strength. While the Sensex and power sector indices showed minimal or negative returns, Adani Power's 1.40% one-day return underscores its appeal amid broader market uncertainty.

Market participants should also consider the broader context of Adani Power's trading activity. The stock's liquidity and volume surge provide an environment conducive to both short-term trading and longer-term investment strategies. The rising delivery volumes indicate that a significant portion of traded shares are being taken into demat accounts, which is often interpreted as a sign of genuine investor interest rather than speculative intraday activity.

However, investors should remain cautious of the stock's short-term moving averages, which currently act as resistance levels. The interplay between these averages and price action will be critical in determining the stock's next directional move. Additionally, the power sector's regulatory environment and commodity price fluctuations remain key external factors that could influence Adani Power's performance.

In summary, Adani Power's exceptional volume and value traded on 19 Nov 2025, combined with its price resilience and rising delivery volumes, position it as a noteworthy stock within the power sector. Its large market capitalisation and mojo score reflect a stable yet watchful stance by the market. Investors analysing volume surges and accumulation signals will find Adani Power's recent activity a compelling case study in liquidity-driven price dynamics.

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