Adani Power Share Price Target 2025 to 2050 – Will It Light Up Your Portfolio?

When we checked Adani Power’s chart, it looked like a roller-coaster ride. After COVID-19 hit, when the stock reached its lowest level of ₹23.00, Adani Power traded in sideways to uptrend till March 2022. On March 25, 2022 Adani Power broke its range and started to move up. From ₹140 it reached the level of ₹340 within two months.

After hitting this high, there was heavy profit-booking done by the traders, who might have bought it during Covid crises and the stock reached the level of ₹238 losing almost ₹100 per share in just 20 days.

This downward movement didn’t continued and Adani Power regained its strength & started moving up again till ₹432.50, we can see three gap-up openings also which shows the confidence of the traders / investors in the company. But this rally also met its end and the stock started to coming down.

Till ₹260 in downtrend, it looked like a normal sell-off but on January 27, 2023, Adani Power started its free fall. It gapped-down in the straight 14 trading sessions. This is a nightmare for an investor. Adani Power lost all its gains and left nothing to start again from the price of ₹134.40 per share.

That Free-Fall was the sell-off which hit Adani Power with that magnitude. After that fall, Adani Power traded in the uptrend from March 2023 to June 2024 & it went up to ₹895 on June 03, 2024. (on Lok Sabha elections result day). After the end of this huge rally, Adani Power started to come down with a very slow pace.

Today, Adani power is trading in a sideways direction but again it is trying to regain its strength for another rally. If you are thinking for a fresh but, them we suggest you to wait for some time until it gives clear signal of Bullishness.

Adani Power’s Key indicators, Comparative analysis with major indices and peer companies, Long term price analysis

• Indices Sensex & Nifty Comparison
• Long Term Analysis5 year price movements
• Peer ComparisonNTPC, RPOWER etc
• Key IndicatorsPBIT, EPS, D/E

NIFTY, SENSEX & Adani Power : A comparative analysis

Adani Power Limited is neither a part of NSE’s NIFTY index nor included in BSE’s SENSEX index and by observing the comparative chart above, we can clearly see NO correlation between ADANIPOWER & SENSEX. Below is the comparative table of NIFTY, SENSEX & ADANIPOWER returns based on CLOSING Prices.

Year	Nifty	Sensex	ADANIPOWER
2024	+8.80%	+8.17%	+0.82%
2023	+20.03%	+18.74%	+75.31%
2022	+4.33%	+4.44%	+200.45%
2021	+24.12%	+21.99%	+100.20%
2020	+14.90%	+15.75%	-19.42%

Here, we can observe that, in the year 2021, 2022 and 2023, Adani Power gave Massive returns to its investors even the overall market was slightly on the positive side.

Adani Power Limited : Long term price analysis

From the given table we can observe that in the previous 5 years, ADANIPOWER shares gave HUGE returns to its investors from 2021 till 2024. These percent changes are based on the HIGHEST price (TARGET) of the year basis.

Year	Close	Low	High	% change on High
🟢 2024	529.45	432.00	895.85	+51.98%
🟢 2023	525.15	132.40	589.45	+36.29%
🟢 2022	299.55	98.00	432.50	+159.14%
🟢 2021	99.70	48.50	166.90	+153.07%
🔴 2020	49.80	23.00	65.95	-10.64%

Amazing isn’t it ?? I wasn’t expecting this data. But yes, Adani Power is going up Year on Year by creating Higher Highs every year and that too of minimum 36% since 2021. If we take average inflation rate of 6% per annum into account, it can be considered as a return (ROI) of almost +78% in 5 years. Now we know about the historical price change, its time to dive into how Adani Power share might behave in coming months. Let’s analyze it on different timeframes.

Adani Power Ltd. Peer Comparison / Competitors analysis

Now we will compare Adani Power Limited (ADANIPOWER) to its top competitors. We will see how its peer companies performed year-on-year . Below is the comparative table of NTPC Ltd (NTPC), Power Grid Corporation (POWERGRID), Tata Power Company (TATAPOWER), JSW Energy (JSWENERGY), Reliance Power (RPOWER)’s returns from 2020 to 2024 based on CLOSING Prices.

Year	ADANIPOWER	NTPC	POWERGRID	TATAPOWER	JSWENERGY	RPOWER
2024	+0.82%	+7.13%	+30.1%	+18.1%	+57.1%	+82.8%
2023	+75.3%	+86.9%	+48.0%	+59.9%	+42.2%	+62.3%
2022	+200%	+33.8%	+4.55%	-6.00%	-4.29%	+5.51%
2021	+100.2%	+25.2%	+43.6%	+192.0%	+343%	+300%
2020	-19.42%	-16.6%	-0.21%	+33.9%	-2.24%	-2.86%
Average Returns	+71.5%	+27.3%	+25.2%	+59.7%	+87.2%	+89.5%

Since Waaree Renewable (WAAREENEER) got listed in 2024, we are not considering it for this analysis, but if you are interested in it, you can checkout our other post. Adani Power gave massive average returns of 71.50% to its investors. Year 2021, 2022 and 2023 can be termed as golden year for Adani Power. In these three years, Adani Power’s share price rose by 375%.

Although the average power sector growth can be estimated up to 50%, but Adani Power outperformed that too.

Adani Power Limited (BSE, NSE : ADANIPOWER) Key Indicator Values

Indicator	Value	Interpretation
Profit Before Income Tax/Share (in Rs.)	47.94 (Mar 25)	ADANIPOWER’s PBIT / Share ratio was 54.02 (Mar 24) & 27.73 (Mar 23).
Earning-per-Share (EPS)	28.74 (FY25)	ADANIPOWER’s EPS has been decreased from 46.24 (FY24).
Debt-to-Equity (D/E) ratio	0.75 (FY25)	ADANIPOWER’s D/E ratio is improved when compared to previous year’s 0.80.

Time-Frame analysis of Adani Power : Daily, Weekly & Monthly

As by a simple timeframe chart analysis we can observe the following about ADANIPOWER share price which will help us more in reaching our final outcome i.e. Adani Power share price targets-

Time Frame	Observation
View Daily Chart (Every candle represents NSE : ADANIPOWER share’s trading session of one day. Each single candle represent the HIGH, LOW, OPEN, CLOSE of that particular day)	On daily time-frame, we can observe that Adani Power share price is trading ABOVE all the 21 Day, 50 Day & 100 Day SMAs but slightly BELOW the 200 Day SMA. This is the indicator of weak BULLISH trend for medium term.
View Weekly Chart (Every candle represents NSE : ADANIPOWER stock’s trading session of one week. Each single candle represent the HIGH, LOW, OPEN, CLOSE of that particular week)	On the weekly time-frame, we can observe that Adani Power share price is trading ABOVE all the 21 week, 100 week & 200 week SMAs but slightly BELOW the 50 Day SMA. This is the indicator of weak BULLISH trend for medium term. Check the Support & Resistance zone we have marked in the image.
View Monthly Chart (Every candle represents NSE : ADANIPOWER stock’s trading session of one month. Each single candle represent the HIGH, LOW, OPEN, CLOSE of that particular month)	On the monthly time-frame, we can observe that Adani Power share price is trading ABOVE all the 50 month & 100 month SMAs but slightly ABOVE the 21 month SMA. This is the indicator of weak BULLISH trend for medium term.

Since there is a SIDEWAYS to POSITIVE perspective shown by SMAs in Daily, Weekly & Monthly time-frames & while observing the directions of the SMAs, we can also find that ADANIPOWER’s direction is sideways to uptrend.

But, since some of the major SMAs are above its current market price, we would suggest you to wait for sometime until it crosses its upper SMAs. We will revise these targets, once it break out from the current Support & Resistance Zone.