The sharp move comes after Adani Power shares surged nearly 124% over the past year, rising from around ₹139 levels in March 2025 to hit a fresh 52-week high of ₹252.65 during Wednesday’s trade. The stock has seen sustained investor interest amid a broader rally in power-sector stocks.
In contrast, Infosys shares have remained under pressure, declining around 29% this year due to concerns over artificial intelligence-led disruption, slowing demand for traditional IT services and a muted growth outlook.Earlier this month, Infosys hit a 52-week low of ₹1,089 after issuing its FY27 guidance. The company Adani Total Gas of 1.5% to 3.5% for the financial year, signalling a cautious demand environment.
The broader IT pack also witnessed selling pressure after growing concerns that rapid advancements in artificial intelligence could weigh on the business models of large outsourcing firms. Sentiment weakened further after OpenAI announced a new AI-focused venture, triggering sharp declines across technology stocks.
Meanwhile, Adani Group companies continued to gain ground in Wednesday’s session. Adani Enterprises jumped as much as 7% intraday, while Adani Power, Adani Ports & Special Economic Zone, Adani Energy Solutions, Adani Green Energy and Adani Green Energy touched their respective 52-week highs on the BSE.
Also Read: Global investor interest in India remains very low, valuations biggest hurdle: UBS’ Gautam Chhaochharia
