Shares of Adani Power rose as much as 3% to their day's high of Rs 236 on the BSE on Friday, snapping a two-day losing streak. The stock has been one of the market's standout performers in recent months, surging 62% over the past six months and over 100% in 1 year amid growing optimism around India's power demand outlook and the emerging data centre opportunity.
A recent report by Bernstein has further strengthened that narrative. The brokerage identified Adani Green Energy and Adani Power as companies with an unmatched ability to supply power to data centres, a segment expected to see explosive growth in the coming years. According to Bernstein, the Adani Group's combination of land availability, transmission connectivity, merchant power capacity and access to thermal equipment gives it a distinct edge in catering to future data centre demand.
