New Delhi, Feb. 21 -- Adani Energy Solutions share price gained more than 2% on Friday, continuing their upward momentum amid strong buying interest. The Adani Group stock surged as much as 2.7% to Rs.696 apiece on the BSE.

However, despite this short-term rise, Adani Energy shares have witnessed a steep correction in recent years. The stock has plummeted nearly 50% from its 52-week high and is down 84% from its all-time peak.

Over the past one month, Adani Energy shares have declined by 16%, while in the last six months, they have dropped over 37%. In the past year, the stock has lost 36%, and in the last three years, it has tumbled 64%.

Despite the sharp correction, analysts remain optimistic about the stock's long-term prospects. Br...