Adani Power shares snap 5-day rally, slip over 1% amid profit-taking

Adani Power shares fell 1.2% after a five-day, 12% rally, amid profit-booking. Despite muted Q4 results, sentiment remained strong on the back of a Rs 2 billion project win and aggressive expansion plans to scale capacity to 30.67 GW by FY30. Technical indicators stayed bullish, and analysts maintain a “strong buy” rating despite a 23% one-year decline.