New Delhi, Jan. 1 -- Adani Power share price is flying high on the first trading day of 2026, January 01, jumping 7% to Rs.153 apiece - its highest level since November 20. Today's surge also marks the biggest intraday spike in over two months, even as the Indian stock market remained largely range-bound.

Although there are no fundamental triggers behind the sharp rise in Adani Power's share price, trading volumes surged significantly, with nearly 50 million shares changing hands on both NSE and BSE as of 12:45 PM, four times higher than the average weekly volumes, according to Trendlyne data.

On technical charts, Adani Power is attempting a breakout from a six-week box formation near 146, reclaiming the 10, 20, and 50-day EMAs on the d...