Adani Power Surpasses Infosys in Market Capitalization Amid Rising Power Demand
Adani Power has surpassed Infosys to become India's 11th most valuable company, with its market capitalization rising above Rs 4.8 lakh crore following a 66-68% rally in 2026. This surge is attributed to increased power demand amid a severe heatwave and expectations of a strong El Niño year. Meanwhile, Infosys' market value declined due to concerns over AI disruption and a cautious growth outlook, leading to a drop in IT sector stocks.