Adani Power's share price surged 7% to over 153 on January 1, 2026, reaching its highest level in over a month. The rise occurred on significantly high trading volumes, four times the weekly average, despite a largely range-bound Indian stock market. Analysts suggest this is a tactical recovery rather than a trend reversal, with potential for a bounce to 158-160 before facing supply. The company is expanding capacity to meet India's electricity demand.