Adani Power Share Price Climbs 2% In A Weak Market, Jumps 15% YTD; Is It A Stock To Buy?

July 9, 2025: Adani Power share price climbed nearly 2% intraday on July 9, bucking weak market trends as investors reacted positively to the company’s recent acquisition of Vidarbha Power. The share price rose from ₹600.20 to an intraday high of ₹609.95, marking the third consecutive session of gains. The broader Sensex remained largely flat around 83,734 points.

The company completed the ₹4,000 crore acquisition of Vidarbha Industries Power on July 7, making it a wholly-owned subsidiary of Adani Power, signaling a strategic expansion in the power sector.

Year-to-date, Adani Power’s shares have surged over 15%, outperforming the Sensex’s 7% gain. The stock has shown steady growth since March and climbed about 4% so far in July. The 52-week trading range spans from a low of ₹430.85 in November 2022 to a high of ₹752.15 last August.

What Experts Say

Global brokerage Jefferies maintains a buy rating on Adani Power with a target price of ₹690, citing strong growth potential in India’s thermal energy sector. They project EBITDA to double by FY30, supported by planned capacity expansion from 17.6 GW to 30 GW. Equipment orders worth 11.2 GW are already underway, with operational capacity expected to rise sharply by 1HFY28.

Jefferies also noted a $384 million payment from Bangladesh due in June 2025, boosting investor confidence. However, the firm flagged risks including recurring PPA issues and potential declines in merchant power prices.

Jigar S. Patel of Anand Rathi advises cautious trading near the current resistance zone of ₹600–₹615. He recommends booking profits around ₹610–₹615 and waiting for a decisive close above ₹615 to confirm further upside, targeting ₹650 on a breakout.

With strong acquisition moves and positive medium- to long-term fundamentals, Adani Power is positioned for growth amid India’s rising power demand. Investors may consider partial profit booking at current levels while monitoring for a clear breakout to enter fresh positions.