So, you’re looking for the Adani Transmission stock price and feeling a little confused because the tickers aren't matching up like they used to. Honestly, that’s the first hurdle. Most people don't realize that the company officially ditched the "Transmission" name back in mid-2023. It's now Adani Energy Solutions Limited (ADANIENSOL).
The name change wasn't just a fresh coat of paint. It was a massive pivot toward smart meters and integrated energy systems. If you're still typing "Adani Transmission" into your brokerage app, you might be looking at ghost data or outdated charts.
The Current State of Adani Energy Solutions
As of mid-January 2026, the stock is sitting around ₹908.70. It’s been a bit of a rollercoaster lately. Just a few weeks ago, at the start of the year, it was hovering near ₹1,050, but it has seen a correction of about 10-12% in the first two weeks of 2026.
Market sentiment is a fickle thing.
The stock hit a 52-week high of ₹1,067.70, while its low for the year was down at ₹639.45. That's a huge gap. It tells you exactly how volatile this specific pocket of the Adani empire can be.
Why the Price is Moving Right Now
The recent dip to the ₹900 level seems to be a mix of broader market profit-booking and some technical resistance. If you look at the moving averages, the stock is currently trading below its 50-day moving average (around ₹992) but just above its 200-day moving average of ₹899.
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Basically, it's at a "make or break" support level.
If it slips below ₹890, the technical crowd might start panicking. But the fundamentals tell a different story. In the September 2025 quarter, the company reported a revenue of ₹6,767 crore. That’s solid. Their operating profit margin is holding steady at about 30%.
What’s Actually Powering the Business?
It isn't just about high-voltage wires anymore. While they still have a massive transmission network—over 26,000 circuit kilometers—the real growth "kicker" is the smart metering business.
They've been winning contracts left and right.
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- They have an under-construction order book of over ₹77,000 crore.
- The goal is to hit 1 crore smart meter installations by the end of FY26.
- Current installation rates are hitting 25,000 to 27,000 meters per day.
That is an insane pace of execution.
The Debt Question
You can't talk about an Adani stock without mentioning debt. It’s the elephant in every room. Currently, the net debt to EBITDA ratio is around 3.2x. For a capital-intensive utility business, that’s actually considered quite manageable. Most analysts, like those at IDBI Capital, have maintained a "Buy" rating with targets ranging from ₹1,180 to ₹1,200.
But remember, this isn't a "get rich quick" play. It's a utility. Utilities are boring—until they aren't.
The Risk Factors Nobody Likes to Mention
Let's be real for a second. The stock carries a high P/E ratio, often north of 40x. Compared to a peer like Power Grid Corporation, which usually trades at a much lower multiple, Adani Energy Solutions is "expensive" by traditional metrics.
You're paying a premium for growth.
Also, the promoter holding is very high—around 71%. While this shows confidence, it also means the "free float" (the shares available for regular people to trade) is relatively small. Small float equals high volatility. When it moves, it moves fast.
Actionable Insights for Your Portfolio
If you are watching the Adani Transmission stock price (or rather, ADANIENSOL), don't just stare at the daily candle. Here is how to actually approach it:
- Watch the ₹900 Floor: This is a psychological and technical floor. If it holds, a bounce back to ₹1,000 is likely. If it cracks, we might see the ₹850s.
- Check the Jan 22 Results: The company is scheduled to report its Q3 2026 results on January 22, 2026. This will be the biggest catalyst for the stock's direction in the next quarter.
- Monitor Smart Meter Progress: The market is pricing in the success of the metering business. Any news of project delays in this segment will hurt the price more than transmission issues will.
- DII vs FII Flow: Interestingly, Domestic Institutional Investors (DIIs) have been slowly increasing their stake, hitting about 10% recently, while Foreign Institutional Investors (FIIs) have trimmed a bit.
The bottom line? The company is fundamentally stronger than it was two years ago, but the stock is still sensitive to the "Adani factor"—meaning news headlines often matter more than the actual balance sheet in the short term. Stay focused on the earnings call on the 22nd to see if the revenue growth actually justifies the current premium.