Why Adani Power and HDB Financial stocks are surging today? See the reasons

Kolkata: The Indian equity markets have been trading in the green since the opening of trade today. Among the major stocks trading in the green are Adani Power and HDB Financial. HDB Financial share zoomed more than 8% on Thursday morning riding a wave of enthusiasm on a surge of revenue and profits in the Q4FY26 financial results. Let’s have a look at these two stocks.

Adani Power share

ADANIPOWER share was trading at Rs 187.74, up Rs 4.31 or 2.35% around 10:45 on Thursday. Its 52-wee and 52-week low prices are Rs Rs 188.80 and Rs 101.00 respectively. and HDB Financial. Earlier this week, Adani Power shares surged to an all-time high of Rs 184.4. The stock received a fillip after investors became confident and began buying after reports of the weather ahead indicated that the demand for power will rise this summer. The demand for power was slack in the two years 2025 and 2024 and it affected even companies such as Coal India due to slackening coal offtake.

HDB Financial share

HDB Financial share zoomed more than 8% on Thursday morning. Around 10:45, it was ruling at Rs 696.25, up Rs 51.95 or 8.06%. The jump took place against the backdrop of excellent financial results for the Q4FY26 reuslts announced on Wednesday.

In the morning HDB Financial Services shares surged as high as 12.39%. It hit a high of Rs 724 before climbing down a bit. The company is a non-banking financial company which is a subsidiary of HDFC Bank. It posted a 41.38% jump (YoY) in net profit at Rs 750.6 crore for the Dec quarter against Rs 530.9 crore in the corresponding period last year. The company’s revenue from operations jumped 11.24% to Rs 4,745.4 crore, up from Rs 4,266.1 crore in Q4 FY25. The board of the company also approved a proposal to raise funds by issuing debt securities via a private placement basis.