NSE: ADANIPOWER · 23 October 2026
- Adani Power Ltd shares declined 1.74% on October 23, 2026, closing at ₹182.04 after moving between a day's low of ₹175.31 and a high of ₹185.90.
- Adani Power Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2026, to the stock exchanges following a board meeting outcome. The disclosure provides the baseline operational and financial performance figures for the reported period.
- Trading volume was 2.14 times the 20-day average daily volume.
Why is Adani Power share price falling on 23 October 2026?
Adani Power Ltd shares declined 1.74% on October 23, 2026, closing at ₹182.04 after moving between a day's low of ₹175.31 and a high of ₹185.90.
The broader market also experienced downward pressure, with the Nifty falling 0.39%. Adani Power's session decline follows an extended period of short-term weakness, marked by a 5-day return of -7.36% and a 20-day return of -11.11%, placing the stock near its lower end relative to its 52-week high of ₹254.20 and low of ₹128.10.
While the company submitted its financial results for the period ended September 30, 2026, on October 23, the price action largely reflects ongoing downward technical momentum and profit-taking following recent declines rather than a single confirmed intraday catalyst.
4.61 crore shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 2.15 crore shares (2.14 times). The five-day average daily volume was 1.42 crore shares. Separately, the NSE report for 23 October 2026 showed 1.62 crore shares delivered, representing 35.03% of that day’s traded volume. The same report recorded 219,607 trades.
The stock declined 1.74% amid heightened participation—recording a cash volume 2.14 times its 20-day average—while extending its recent underperformance with a 20-day return of -11.11% in the absence of a direct same-day intraday catalyst.
Latest Company Developments
Adani Power Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2026, to the stock exchanges following a board meeting outcome. The disclosure provides the baseline operational and financial performance figures for the reported period.
It updates investors on the company's financial health and earnings trajectory for the second quarter of fiscal 2027.
The company received a Letter of Award from Uttarakhand Power Corporation Limited for the long-term ex-bus net supply of 1,234 MW of thermal power from a 1,320 MW installed capacity project. The associated Power Supply Agreement spans a period of 25 years, subject to regulatory tariff adoption by the Uttarakhand Electricity Regulatory Commission.
It expands the company's long-term power purchase agreement portfolio and enhances future revenue visibility.
Adani Power signed a shareholders agreement with Druk Green Power Corp. Ltd. to jointly set up a 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan under a 49:51 equity partnership. The peaking run-of-river project will operate under a Build, Own, Operate and Transfer model with a 30-year concession from commercial operation date.
This marks a key strategic advancement in international clean energy collaboration and cross-border regional power integration.
Adani Power Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Assignment of Maharashtra State Electricity Distribution Co. Limited s 2500 MW RE RTC Power Supply Contract by Adani Power Limited to Powerpulse Trading Solutions Limited.
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, focusing on the company's robust thermal asset base and growth outlook.
Maintained a positive view on Adani Power alongside other group entities, citing strong sectoral positioning and long-term contracting capacity.
Recommended a Buy rating anchored on strong project execution visibility and operational capacity expansion.
Historical Bulk / Block Deals
What to Watch Next
- Execution progress on the newly awarded 1,234 MW Uttarakhand Power Corporation supply agreement
- Developments regarding the 770 MW Chamkharchhu hydropower project joint venture in Bhutan
- Volume trends relative to the 20-day average volume and delivery percentages near the ₹175-₹185 range
- Post-earnings analyst reactions and updates following the Q2 FY27 financial results submission
Other Dated Coverage
- 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
- Adani Power Share Price Today: Why ADANIPOWER Is Falling 2.70% | 7 October 2026 — 7 October 2026
More Adani Power news and dated analysis →
Frequently Asked Questions
What is the latest Adani Power company news?
Adani Power Limited submitted its unaudited financial results for the quarter and half year ended September 30, 2026, to the stock exchanges following a board meeting outcome. The disclosure provides the baseline operational and financial performance figures for the reported period.
How strong was Adani Power’s trading volume?
4.61 crore shares traded, 2.14 times the 20-day average daily volume. The price and volume data are dated 23 October 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
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.