Adani Power tops Infosys market cap as 5 stocks hit highs

What moved the market on Wednesday

Adani Group shares extended their recent uptrend on Wednesday’s intra-day trade even as the broader market tone was described as subdued. Several group counters gained between 4% and 7% on the BSE during the session. The day’s headline development was Adani Power moving ahead of Infosys in market capitalisation rankings. That shift was driven by a fresh record high in Adani Power shares and a comparatively softer move in Infosys.

The rally was not limited to a single company. Exchange data cited multiple Adani stocks touching their respective 52-week highs in intra-day deals. The combination of new highs and a change in market-cap rankings put the group back in focus for traders tracking momentum, valuations, and sector rotation.

Five Adani stocks hit 52-week highs

Five Adani group stocks hit their respective 52-week highs on the BSE in Wednesday’s intra-day trade. The list includes Adani Enterprises, Adani Power, Adani Ports & Special Economic Zone, Adani Energy Solutions, and Adani Green Energy. This is notable because it spans different parts of the group’s listed ecosystem, from utilities and power to ports and holding-company exposure.

Alongside these highs, Adani Energy Solutions, Adani Total Gas, and Adani Green Energy were up in the range of 4% to 7% on the BSE in intra-day trade, according to the market update. The move came during a session described as otherwise subdued, highlighting that the buying interest was relatively stock-specific.

Adani Total Gas jumps 7%; weekly gain at 25%

Adani Total Gas surged 7% to ₹765.80 on the BSE. The stock’s near-term move has also been sharp, with the report noting a 25% jump in the past one week. The update described Adani Total Gas as India’s leading energy transition company.

The move in Adani Total Gas contributed to the broader theme of strength in Adani-linked energy names during the session. With multiple stocks pushing to 52-week highs, traders often watch whether gains are concentrated in one counter or spread across a group. In this case, the intra-day performance was spread across several key listed entities.

Adani Power overtakes Infosys by market capitalisation

Adani Power surpassed Infosys in market capitalisation ranking, according to exchange data cited in the update. Adani Power stood at the 11th position among BSE-listed companies with a market capitalisation of ₹4.77 trillion. Infosys slipped to the 12th position with a market capitalisation of ₹4.69 trillion.

Other reports referenced in the same data set put Adani Power’s market value at around ₹4.80 trillion to ₹4.85 trillion during the session, while Infosys was cited around ₹4.68 trillion to ₹4.72 trillion. The common thread across versions was consistent: Adani Power moved ahead of Infosys to become India’s 11th most valuable listed company at the time.

Price action: new highs near ₹250 to ₹252.60

Adani Power shares hit a new high of ₹250.35 on the BSE, gaining 2% in intra-day deals. Elsewhere in the update, the stock was also reported to have touched ₹252 to ₹252.60 on the NSE, described as a fresh 52-week high and a record high level.

The stock’s near-term momentum was highlighted in multiple ways. One segment noted that Adani Power soared 14% in the past three trading days. Another noted the stock climbed nearly 3% on Wednesday to a fresh peak of ₹252.60.

Returns snapshot: year-to-date and longer-term gains

Adani Power’s rally in calendar year 2026 was cited at roughly 66% to nearly 68% year-to-date. The one-year return was described at about 123% to 126% in different parts of the report compilation. The stock was also cited as having gained more than 13% in the past week.

Longer-term performance numbers were also reported: gains of 384% over three years and 1,213% over five years. Another data point in the set said the stock surged 140% from its 52-week low of ₹105.66 touched on June 20, 2025. These figures collectively explain why the market-cap ranking change drew attention, as the rally has been sustained across multiple time horizons.

What’s being cited as key drivers

The report compilation linked the rally to rising power demand during the peak summer season and intense heat wave conditions. It also referenced strong Q4 earnings as a support for the recent move. Another supporting factor mentioned was improving merchant power tariffs.

Separately, the narrative referenced optimism around India’s long-term infrastructure and industrial expansion cycle. The same set of updates also framed the move as part of a broader investor preference for energy and infrastructure stocks over export-driven IT companies, with Infosys positioned as the IT-sector comparison point.

Market impact: what the ranking shift signals

The immediate market impact was visible in ranking and valuation metrics rather than any single corporate announcement. With Adani Power at ₹4.77 trillion market cap and Infosys at ₹4.69 trillion, the difference was enough to flip positions at 11 and 12 in the overall ranking among BSE-listed companies.

Such changes matter for investors who track relative leadership between sectors. Power and energy names showing strong price action in a subdued market session can indicate where incremental buying interest is moving. At the same time, the data here is session-specific and tied to prevailing price moves in both counters.

Key numbers at a glance

*Note: The 52-week high list in the report includes Adani Energy Solutions and Adani Green Energy, and separately mentions Adani Total Gas as a strong gainer on the day.

Conclusion

Wednesday’s trade saw multiple Adani group stocks hit 52-week highs, led by Adani Power’s move to a new peak and its rise above Infosys in market-cap rankings. Exchange data put Adani Power at ₹4.77 trillion market value versus Infosys at ₹4.69 trillion, placing them 11th and 12th, respectively. The same updates cited rising power demand amid peak-summer conditions and strong Q4 earnings as key factors behind Adani Power’s rally. The next datapoints for investors will continue to be price action around recent highs, sector-level demand indicators, and any subsequent updates tied to earnings or operating performance.