Shares of Adani Power and Adani Total Gas recorded significant gains today, with Adani Power hitting a new record high and Adani Total Gas surging by 11%. This strong performance comes amidst a generally negative market sentiment, highlighting the specific drivers behind the Adani stock rally.
Adani Power's Record High
Adani Power shares climbed 4.81% to a record high of Rs 244.75, pushing its market capitalization to Rs 4.70 lakh crore. The stock has seen a 72% increase in the last three months and a 64% gain in 2026 alone. This impressive growth is attributed to surging power demand across India and the company's robust quarterly and fiscal earnings.
India's electricity consumption is on the rise due to prolonged heatwaves, intensified industrial activity, expanding household electrification, and the growing energy needs of data centers and artificial intelligence infrastructure. Adani Power is strategically positioned to capitalize on this demand, with plans to increase its generation capacity from 18.2 GW to nearly 42 GW by fiscal year 2032.
Financially, Adani Power reported a 64% increase in its March quarter net profit after tax (PAT), reaching Rs 4,271 crore compared to Rs 2,599 crore in the same period last year. While revenue from core operations marginally dropped year-on-year to Rs 14,233 crore, the strong profit growth was largely driven by income from other operations.
Adani Total Gas Surges 11%
Concurrently, Adani Total Gas shares rose 11% to Rs 731.40, increasing its market capitalization to Rs 79,428 crore. The stock has appreciated 40% in three months and 22% in 2026. The rally in Adani Total Gas is propelled by a series of domestic CNG price hikes, favorable government allocation policies, and impressive Q4 financial results.
CNG prices have seen four hikes in just two weeks, influenced by rising global energy costs and geopolitical tensions in West Asia. In its fourth quarter, Adani Total Gas reported a 9% rise in consolidated net profit, reaching Rs 168.34 crore, up from Rs 154.59 crore in the prior year. Revenue from operations for the quarter also saw a significant jump of 16.62%, amounting to Rs 1,694.61 crore compared to Rs 1,453.37 crore in the corresponding period last year.