Business

IIE DIGITAL DESK ;  June 5: Adani Power shares rose nearly 3% in early trade on Friday, breaking a two-day losing streak as investor sentiment improved following fresh positive commentary from global brokerage firms Jefferies and Bernstein. The stock’s recovery came after recent weakness, as renewed optimism around the company’s long-term growth prospects lifted buying interest.

The sharp uptick in Adani Power’s share price was largely driven by bullish outlooks from major brokerage houses. Jefferies and Bernstein reportedly maintained a positive stance on the stock, highlighting strong demand visibility in the power sector, improving operational performance, and long-term capacity expansion plans as key drivers of future growth.

Market experts note that the Indian power sector continues to benefit from rising electricity demand, infrastructure expansion, and policy support for energy security. Within this broader context, Adani Power remains a key player, and analysts believe it is well positioned to benefit from structural growth trends in the industry.

After facing selling pressure in the previous two trading sessions, the stock attracted fresh buying interest as investors reacted to the positive brokerage updates. The rebound also suggests that recent declines may have been more sentiment-driven rather than due to any fundamental weakness in the company’s business outlook.

Traders also point out that such movements are common in high-volatility large-cap stocks, where analyst upgrades or positive commentary can quickly reverse short-term trends. The renewed optimism has helped Adani Power regain momentum, at least in the near term.

The 3% gain reflects a combination of technical recovery and improving sentiment supported by bullish brokerage views, with investors now closely watching whether the stock can sustain this upward trend in upcoming sessions.