Adani Power shares were on fire during Tuesday’s trading session, surging over 8% to reach an intraday high of ₹610 per share. By 1:55 PM, the stock was still riding high, trading at ₹601.65, up 6.81%, even as the BSE Sensex remained largely flat at around 82,479 points.

So, what’s fueling this rally in Adani Power stock? Let’s break it down.

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📈 Strong Buying Activity

The share price rally came amid heavy trading volumes. By early afternoon:

• Over 3.28 million shares worth ₹194.94 crore were traded on BSE.

• Around 22.66 million shares worth ₹1,346.81 crore changed hands on NSE.

This sharp rise in volume indicates strong investor interest, possibly driven by recent business developments and overall market sentiment towards Adani Group stocks.

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📰 Key Trigger: 1,500 MW Power Supply Deal

One of the major reasons behind the surge is Adani Power’s recent Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL). The company will supply 1,500 MW of power from its upcoming 2x800 MW (1600 MW) thermal power project in Uttar Pradesh.

The power will be supplied for a 25-year period, providing long-term revenue visibility for Adani Power and reinforcing its position as a key player in India’s energy sector.

🔼 Rally Across Adani Group Stocks

The bullish sentiment wasn’t limited to Adani Power alone. Several other Adani Group stocks also saw notable gains:

• Adani Enterprises: Up 3.13% to ₹2,663

• Adani Green Energy: Up 4.17% to ₹1,077.20

• Adani Ports: Up 1.83% to ₹1,493.85

• Adani Total Gas: Up 4.43% to ₹721.50

• Adani Wilmar: Up 2.59% to ₹274.80

• ACC: Up 1.03% to ₹1,926.25

Clearly, investors are regaining confidence in the Adani Group after months of scrutiny and volatility.

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💡 Final Thoughts

Adani Power’s stock surge reflects growing investor optimism and strategic wins for the company. The UPPCL deal marks a significant step in long-term growth, offering visibility in revenue generation and strengthening Adani Power’s market position.

With energy demand on the rise and infrastructure expanding rapidly, Adani Power seems well-positioned to benefit from India’s growing power needs.

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Reference from:- https://www.business-standard.com/markets/news/adani-power-share-price-zoom-8-in-trade-on-tuesday-june-10-here-s-why-125061000608_1.html