ADANIPOWER gained +1.6% on long buildup in futures

Strota Newsroom · session of 2026-09-02 · market close · ADANIPOWER stock page →

Adani Power rose 1.63% to close at 207.7 rupees, after trading between 200.12 and a high of 207.7, against a previous close of 204.36. The stock finished at its day's high, outperforming a Nifty that fell 0.59% on the session.

Flow was supportive. Volume ran about 5.5 times its average and the stock held 1.28% above the session VWAP, with the relative strength index at 49.0. The derivatives book showed a long buildup, with open interest up 2.48% alongside a 0.09% price change, a sign fresh bullish positioning was added.

The news was constructive on fundamentals. HDFC Sky noted Adani Power posted a strong first quarter and maintained a positive rating with a 240 rupee target, while Reuters reported the Adani Energy arm plans another share sale in the coming fiscal year. Other headlines described the stock both soaring and sliding over recent sessions, so the pack's near-term read is mixed.

Technically the tape is firm but range-bound. The stock sits above its 200-day average but below its 50-day line, and is 18.29% under its 52-week high of 207.7 while 73.08% above its 52-week low of 200.12, so it is pressing the top of its yearly band.

The data establishes a plausible driver in the strong-quarter narrative and the analyst's constructive view, set against a soft broader market. The honest caveat is that the move also reflects fresh derivatives positioning, which can reverse if sentiment turns.

The quarter's strength gives the bulls a fundamental anchor, yet the reliance on derivatives flow means the tape can turn quickly if that positioning is pared.

The numbers

• Last price ₹207.70, +1.63% on the day
• Day range ₹200.12 – ₹207.70
• Opening gap -0.87%
• NIFTY moved -0.59% the same session

Signals that fired

• Volume spike 5.5x
• At day's high
• vs NIFTY -0.59%
• Above VWAP +1.28%
• Long Buildup (last close)

F&O positioning

Futures classified as Long Buildup — open interest +2.5% with price +0.1% in the latest bhavcopy.

Institutional activity

Technical context

Volume ran at 0.9× its 20-day average; rsi(14) sits at 49; price is 18.3% from the 52-week high; trading above the 200-dma.

Recent headlines

• Adani Power Ltd. Stock News — Value Research (2d ago)
• 7,514 Call Contracts at Rs 220 Strike on Adani Power Ltd Signal Near-Term Upside Interest — marketsmojo.com (5d ago)
• Adani Power Ltd soars 3.72%, up for third straight session — Business Standard (6d ago)
• Adani Power Ltd slips for fifth straight session — Business Standard (16d ago)
• India's Adani Energy plans another share sale by early next fiscal, sources say — Reuters (33d ago)
• Adani Power shares: Flat return in 3 months; what should investors do? — Business Today (40d ago)
• Adani Power: Strong Q1, BUY Maintained With Target ₹240 — HDFC Sky (40d ago)
• Adani Power Ltd (BOM:533096) Q1 2027 Earnings Call Highlights: Record Power Generation and ... — GuruFocus.com (40d ago)

Sources

• Adani Power Ltd. Stock News — Value Research
• 7,514 Call Contracts at Rs 220 Strike on Adani Power Ltd Signal Near-Term Upside Interest — marketsmojo.com
• Adani Power Ltd soars 3.72%, up for third straight session — Business Standard
• Adani Power Ltd slips for fifth straight session — Business Standard
• India's Adani Energy plans another share sale by early next fiscal, sources say — Reuters
• Adani Power shares: Flat return in 3 months; what should investors do? — Business Today
• Adani Power: Strong Q1, BUY Maintained With Target ₹240 — HDFC Sky
• Adani Power Ltd (BOM:533096) Q1 2027 Earnings Call Highlights: Record Power Generation and ... — GuruFocus.com

Keep digging

• ADANIPOWER — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
• Today's screens: every stock matching the same setups (buildups, breakouts, volume shockers).
• Newsroom: the other stocks in play this session.