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Adani stock price maintained an upward bias at ₹3

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Adani stock price maintained an upward bias at ₹3,270 despite minor sectoral profit booking, boosted by fresh FII inflows into Indian infrastructure equities. Moreover, one year after the scandal and investigation, AGEL announced that it had operationalised 551MW of solar capacity in Khavda, Gujarat. AGEL plans to develop 30GW of renewable energy capacity there within five years; once completed, the Khavda park will be the largest renewable energy installation in the world, according to the company . Adani Energy Solutions jumped 14.15%, while Adani Green Energy surged 12.14%, and Adani Enterprises advanced 11.6%. Apart from the regulatory boost, positive brokerage updates also supported the rally. Morgan Stanley initiated coverage on Adani Power with an ‘Overweight’ rating. Adani stock price settled at ₹3,279 amid strong bullish candle formations on daily charts, reinforcing a possible testing of fresh 52-week highs in the next trend phase.