Shares of major Adani Group companies, including Adani Enterprises, Adani Energy Solutions, and Adani Power, have entered a short-term bull run, attracting significant investor interest and leading to fresh price target discussions among analysts. Adani Power has emerged as a standout performer, solidifying its position as India's most valued power company.
Adani Power Dominates Market Surge
Adani Power has seen an exceptional rise, climbing 78% in the last three months and 67% in 2026 alone. Its market capitalization has soared to Rs 4.80 lakh crore, with the stock reaching a record high of Rs 252.60 during recent trading sessions. The stock closed at Rs 248.75, marking a 1.72% increase from its previous close. Over a longer horizon, Adani Power shares have delivered impressive returns, gaining 125% in one year and a staggering 383% over three years.
Adani Energy Solutions Fuels Growth
Adani Energy Solutions, India's largest private sector power transmission company, has also contributed significantly to the group's market performance. The stock has risen 47.58% this year and 57% in the past six months. Formerly Adani Transmission, the company's growth is attributed to a stellar fiscal year and increasing demand for electricity infrastructure. Operating across 16 states, Adani Energy Solutions reported a 32% rise in FY26 profit, reaching Rs 2,393 crore, alongside a record EBITDA of Rs 8,726 crore, up 13% year-on-year. Strong performance in its transmission and smart metering businesses, coupled with stable distribution operations, underpinned this financial health. The stock closed at Rs 1539.90, up 5.28%.
Adani Enterprises Shows Resilience
Adani Enterprises, the flagship entity of the Adani Group, has also shown strong upward momentum, with its shares rising 28% in the last month and 131% over five years. Despite reporting a consolidated net loss of Rs 220.7 crore (attributable to owners) in Q4 FY26, compared to a net profit of Rs 3,845 crore in the year-ago quarter, its revenue from operations in Q4 increased by 20.3% year-on-year to Rs 32,439.3 crore. The stock ended the recent session at Rs 2972.60, a marginal gain of 0.11%.
Analyst Outlooks on Adani Group Stocks
Kunal Kamble, Sr. Technical Research Analyst at Bonanza
- Adani Enterprises: Kamble notes a strong bullish breakout above Rs 2,750-2,800 with rising volumes, confirming a powerful trend reversal. While RSI near 80 suggests overbought conditions, fresh entry on dips near Rs 2,900-2,920 is suggested for targets of Rs 3,100 and Rs 3,250, with a stop loss at Rs 2,820.
- Adani Energy Solutions: The stock has delivered a strong breakout above Rs 1,070, indicating continued buying strength. With RSI rebounding above 60, entry on dips near Rs 1,500-1,510 is advised for targets of Rs 1,620 and Rs 1,700, setting a stop loss at Rs 1,430.
- Adani Power: Showing strong bullish momentum after a decisive breakout towards Rs 250, Adani Power's RSI above 65 suggests room for further upside. Fresh entry near Rs 245-248 is recommended for targets of Rs 270 and Rs 290, with a stop loss at Rs 232.
Osho Krishan, Chief Manager – Technical & Derivatives Research at Angel One
- Adani Enterprises: Having rallied over 60% and surpassed Rs 2600, momentum indicators suggest the stock is extremely overbought, hinting at near-term profit booking. Immediate support is seen between Rs 2700 and Rs 2600, while Rs 3100–3250 acts as intermediate resistance.
- Adani Power: A surge of over 75% past Rs 170 has put Adani Power in an extremely overbought condition, potentially leading to profit booking. A corrective decline could offer a healthier entry point. Immediate support is around Rs 220–200.
- Adani Energy Solutions: After a 60% rally past Rs 1340, technical indicators signal an extremely overbought status. A corrective phase might provide a more favorable investment opportunity. Strong support is expected in the Rs 1340–1300 zone, with resistance around Rs 1800–1900.