NSE: ADANIPOWER · 4 November 2026
ADANI POWER LTD F&O Intelligence
Data-mining view of cash participation, delivery, futures activity, open interest and recent positioning.
Last 3 Sessions: Cash Activity & Delivery
| Date | Cash Volume | Number of Trades | Shares Traded per Trade | Delivery % | Close / Change |
|---|---|---|---|---|---|
| 02 Nov | 1.54 Cr shares | 101,067 | 152.3 WittyTrades Proprietary |
39.93% | Rs 195.35 (+3.36%) |
| 03 Nov | 1.42 Cr shares | 77,588 | 183.4 WittyTrades Proprietary |
43.42% | Rs 195.50 (+0.08%) |
| 04 Nov | 1.98 Cr shares | 102,009 | 194.1 WittyTrades Proprietary |
34.51% | Rs 201.71 (+3.18%) |
Average number of shares traded per trade was 194.1 in the latest session versus a 176.6 3-session average. The latest average trade size was close to its 3-session baseline rather than showing a clear larger-ticket surge. Latest delivery was 34.5% versus a 3-session average of 39.3%.
Last 3 Sessions: Futures vs Cash Participation
| Date | Near Future / Change | Futures Volume (Shares) | Cash Volume (Shares) | F&O/Cash Participation Ratio | Aggregate Futures OI | Positioning Read |
|---|---|---|---|---|---|---|
| 02 Nov | Rs 196.14 (+3.45%) | 1.63 Cr shares | 1.54 Cr shares | 1.06x WittyTrades Proprietary |
22.92 Cr shares (—) | Positioning unavailable |
| 03 Nov | Rs 195.51 (-0.32%) | 1.23 Cr shares | 1.42 Cr shares | 0.86x WittyTrades Proprietary |
22.79 Cr shares (-0.57%) | Long unwinding |
| 04 Nov | Rs 202.04 (+3.34%) | 2.09 Cr shares | 1.98 Cr shares | 1.06x WittyTrades Proprietary |
22.69 Cr shares (-0.42%) | Short covering |
How open interest shifted across expiries
| Expiry | Latest OI | 1-Day OI Change |
|---|---|---|
| 23 Nov | 22.02 Cr shares | -12.28 L |
| 29 Dec | 65.11 L shares | +1.99 L |
| 25 Jan | 2.31 L shares | +63,900 |
The front expiry lost OI while later expiries gained OI, confirming contract migration. About 3.0% of aggregate OI sat beyond the front expiry. This is an expiry-structure observation, not a directional signal by itself.
- Whether aggregate futures OI expands or contracts alongside the next price move.
- Whether the WittyTrades F&O/Cash Participation Ratio remains elevated or normalises.
- Whether Shares Traded per Trade moves materially above or below its recent baseline.
- Whether delivery participation holds above or below the recent 3-session average of 39.3%.
- Whether later-expiry OI continues to absorb positions from the front contract as expiry approaches.
Higher Shares Traded per Trade can flag larger-ticket participation, but exchange trade-count data does not identify the buyer or seller category. The F&O/Cash Participation Ratio measures participation intensity and does not by itself distinguish directional trading, hedging or arbitrage.
- Adani Power Ltd shares moved higher in the latest trading session, rising 3.18% to close at ₹201.71 compared to its previous close of ₹195.50. The stock traded within a day's range of ₹194.03 to ₹201.88, opening slightly lower at ₹194.36.
- Adani Power Limited formally signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for the ex-bus net supply of 1,234 MW of thermal power from an installed capacity of 1,320 MW. This follows the Letter of Award previously issued by the Uttarakhand DISCOM upon Adani Power emerging as the successful bidder in the tender process.
- Trading volume was 0.94 times the 20-day average daily volume.
Why is Adani Power share price rising on 4 November 2026?
Adani Power Ltd shares moved higher in the latest trading session, rising 3.18% to close at ₹201.71 compared to its previous close of ₹195.50. The stock traded within a day's range of ₹194.03 to ₹201.88, opening slightly lower at ₹194.36.
In broader market context, the benchmark Nifty rose 0.63% during the session, showing that Adani Power outperformed the headline index. The stock also reflects a positive short-term momentum, registering a 5-day return of 9.27%, even though its 20-day return remains slightly negative at -0.34%.
Company disclosures from early November 2026 highlight that Adani Power signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for 1,234 MW ex-bus net supply of thermal power. While this operational update adds to long-term business visibility following earlier Letter of Award milestones, market participants also note recent quarterly financial results from October 2026 reporting robust consolidated revenue of ₹19,438.68 crore and net profit of ₹7,019.32 crore for the quarter ended September 30, 2026.
1.98 crore shares traded by 4 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 2.11 crore shares (0.94 times). The five-day average daily volume was 1.79 crore shares. Separately, the NSE report for 4 November 2026 showed 68.33 lakh shares delivered, representing 34.51% of that day’s traded volume. The same report recorded 102,009 trades.
The 3.18% gain aligns with continuing positive sentiment after the formal signing of the 25-year power supply agreement with UPCL and solid recent quarterly earnings, supported by broader market strength as the Nifty advanced.
Latest Company Developments
Adani Power Limited formally signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for the ex-bus net supply of 1,234 MW of thermal power from an installed capacity of 1,320 MW. This follows the Letter of Award previously issued by the Uttarakhand DISCOM upon Adani Power emerging as the successful bidder in the tender process.
Secures long-term revenue visibility and expands contracted thermal generation capacity under a multi-decade agreement.
The board of directors approved the standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Consolidated revenue from operations reached ₹19,438.68 crore, with total income at ₹19,950.60 crore and net profit standing at ₹7,019.32 crore for the quarter.
Provides a comprehensive view of the company's operational profitability, fuel cost dynamics, and tax adjustments during the second quarter.
Adani Power signed a Shareholders Agreement with Bhutan's state-owned Druk Green Power Corporation Ltd to jointly set up the 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan under a 49:51 equity partnership. The project will be implemented under the BOOT model with a 30-year concession from commercial operation date.
Advances the company's strategic cross-border clean energy and regional hydropower expansion initiatives.
BHEL bags orders worth up to Rs 28,000 crore from Adani Power for four 1,600 MW projects The Economic Times
Adani Power Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.31% on 30 September 2026. This compares with 3.92% on 30 June 2026, a change of +0.39 percentage points.
The filing reported 36 MF/UTI holders.
Research & Brokerage Views
Initiated coverage with a Buy rating and a target price of ₹259, highlighting growth potential and execution capabilities.
Maintained a positive stance on Adani Power alongside group entities.
Recommended a Buy rating anchored on strong execution visibility and operational scale.
Historical Bulk / Block Deals
What to Watch Next
- Progress on the implementation and regulatory tariff adoption for the Uttarakhand power supply agreement
- Execution milestones on the Chamkharchhu-I hydropower joint venture in Bhutan
- Volume and delivery participation trends around the ₹200 psychological price level
- Quarterly operational efficiency and fuel cost management across thermal power plants
Other Dated Coverage
- Adani Power Share Price Today: Why ADANIPOWER Is Falling 1.74% | 23 October 2026 — 23 October 2026
- Adani Power in Focus After Securing 1,234 MW Power Supply Contract | 15 October 2026 — 15 October 2026
- Adani Power in Focus After Bhutan Hydropower Project Agreement | 8 October 2026 — 8 October 2026
More Adani Power news and dated analysis →
Frequently Asked Questions
What is the latest Adani Power company news?
Adani Power Limited formally signed a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for the ex-bus net supply of 1,234 MW of thermal power from an installed capacity of 1,320 MW. This follows the Letter of Award previously issued by the Uttarakhand DISCOM upon Adani Power emerging as the successful bidder in the tender process.
How strong was Adani Power’s trading volume?
1.98 crore shares traded, 0.94 times the 20-day average daily volume. The price and volume data are dated 4 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
SEBI Registration No.: INH000008172 · BSE Enlistment No.: 5430
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.