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Adani Power Dips Amidst Profit-Taking

15 Jul

Summary

Adani Power shares fell 1.25% to ₹223.35 today.
The stock rallied over 6% yesterday after Goldman Sachs' endorsement.
Company recently surpassed Infosys in market capitalization.

Adani Power (NSE: ADANIPOWER) saw its share price decline by 1.25% today, trading at ₹223.35 as of July 15, 2026. This intraday dip follows substantial recent gains. The stock opened at ₹227.55 and reached an intraday high of ₹228.40 before retreating. Trading volumes remained robust during the session.

The recent surge saw Adani Power shares hit 52-week highs around ₹254.20 and marked an 87.20% increase over the past year. Yesterday, July 14, 2026, the stock rallied over 6% following Goldman Sachs' inclusion of Adani Power among its preferred India stock ideas. The company's market capitalization recently surpassed that of Infosys, making it the 11th most valuable Indian company.

Positive sentiment is further supported by IIFL initiating coverage with a 'Buy' rating and a target price of ₹240. The broader Indian power sector benefits from strong demand, driven by heatwaves and digital infrastructure growth. The current decline is interpreted as profit-booking or market consolidation after its recent significant rise, with no immediate negative corporate news identified.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.