Power stock: Adani Power rallies 14% this week as volumes spike,...

Power stock: Adani Power rallies 14% this week as volumes spike, technicals stay bullish

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Adani Power shares surged nearly 14% this week, hitting Rs 605 on Friday, driven by robust trading volumes and a bullish technical setup. Despite a 15.6% dip over the past year, the stock has shown strong recovery, gaining 14.5% year-to-date. Analysts remain optimistic, projecting a 1-year target price of Rs 634, indicating further upside potential.

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