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Heatwave bets spark Adani Power and Tata Power rallies to 52 week highs and near 48% gains
Economy
Published on 27 April 2026
Investors are pricing in an El Nino demand surge
Adani Power and Tata Power shares jumped, hitting fresh 52-week highs as India’s heatwave pushes expectations of stronger electricity demand. With regions warning of extreme temperatures up to 45°C, analysts say a likely strong El Niño could further lift cooling-related consumption. The stocks have soared as much as 48% in a month, reflecting bullish demand bets.
- Adani Power and Tata Power surged on heatwave driven demand expectations
- Day temperatures in parts of India have hit around 45°C amid heat alerts
- Analysts point to a strong El Niño potentially boosting power demand further
- Shares have gained up to about 48% in the past month
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times