ADANIPOWER (Adani Power Ltd.): Order Win
Adani Power filed a Letter of Award with the NSE at 10:57 on 14 October, according to the exchange filing. A letter of award is the formal notice that a bidder has won a contract. The filing's file name points to Uttarakhand, and headlines from NDTV Profit and Equitypandit report a 25-year award for 1,234 MW of thermal power there. The pack does not carry the filing's text or any contract value.
Strota classes this as an order win. Across 50 past order-win filings, events like this have historically come out ahead 72% of the time, with an average net edge of 1.6%. That is a base rate for the event type across many companies, not a forecast for Adani Power.
The shares last traded at ₹195.15, up 4.94% on the previous close, while the Nifty slipped 0.44%. The filing landed mid-session and the pack has no intraday timing, so it cannot show how much of that gain followed the letter. The technical readings date from the 13 October close: the stock was down 8.1% over a week, below its 50-day and 200-day averages, with an RSI (a momentum gauge) of 34.8 and a price 26.85% under its 52-week high. It trades at a P/E of 25.66.
The data establishes a filed award, a same-day gain against a weaker index, and a stock that had been sliding beforehand. It does not establish the contract's value or that the award drove the move. Quarterly results are due on 23 October.
The catalyst
Adani Power Limited has informed the Exchange about Letter of Award (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Order Win tends to continue — the move went bullish in about 72.0% of next sessions (net 1.6% after drift and cost, n=50). A base rate, not a forecast for this stock.
ADANIPOWER right now
trading +4.94% on the day; P/E 25.66; RSI 34.8. Full ADANIPOWER analysis →
Sources
- Adani Power Limited has informed the Exchange about Letter of Award — NSE
- Adani Power Wins 25-Year Uttarakhand Contract for 1,234 MW — Equitypandit
- Adani Power Receives LoA From Uttarakhand Power Corp For 1,234 MW Thermal Power — NDTV Profit
- Is Adani Power the Best Stock in Its Sector? A Look at the Numbers — Univest
- Up 750% in 5 yrs! Elara initiates coverage on Adani stock; check targets, ratings, Q2 preview & more - BusinessToday — IndiaIPO
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