The December 2025 quarter results led to divergent stock movements for Adani Power and Tata Power. Adani Power shares rose 13 percent following the Q3 results, while Tata Power shares remained largely unchanged. Adani Power is trading about 65 percent above its 52-week low of Rs 93.23. Tata Power shares have delivered limited gains to investors over the past two years. Investor positioning in both stocks shifted after the Q3 results.
Adani Power has recorded consistent financial performance over the past five years, reporting a profit CAGR of 65.7 percent and a revenue CAGR of 93.9 percent. The stock is trading above all short-term and long-term moving averages. Adani Power shares closed at Rs 152.65 on the BSE on Friday. JM Financial has set a price target of Rs 177 for the stock, indicating a potential upside of about 16 percent from the current level. Technical and fundamental analysis indicated Adani Power as the more attractive option.
Tata Power has reported a profit CAGR of 84 percent over the past five years, while its revenue CAGR stood at 24.5 percent. The stock has not generated significant gains over the past two years, though it delivered a return of 5.31 percent over the last two weeks. Tata Power shares are trading below the 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages, but remain above the 5-day, 10-day and 20-day simple moving averages.
Based on price targets, JM Financial’s target of Rs 177 for Adani Power implies a potential return of about 16 percent from the current price. Nuvama has assigned a target price of Rs 388 to Tata Power, compared with its current price of Rs 365.75, implying a potential upside of about 6 percent.
