Adani Power surges past Infosys in market capitalisation

By

Kairavi Lukka

, ET BureauLast Updated: May 28, 2026, 05:44:00 AM IST

Synopsis

Adani Power has surpassed Infosys in market capitalization, becoming the 11th most valuable company on Indian bourses. This shift is driven by Adani Power's 68% stock surge in 2026, while Infosys experienced a nearly 29% decline. Investors favor Adani Power due to rising energy demand, whereas concerns over AI's impact on traditional IT services have affected Infosys.

Mumbai: Adani Power overtook Infosys by stock market value on Wednesday to become the 11th most valuable company on the domestic bourses, buoyed by the 68% surge in its stock price in 2026. Infosys dropped nearly 29% in this period, with its standing in the market capitalisation table dropping to the 12th spot.

The Adani Group company's market capitalisation stood at ₹4.79 lakh crore on Wednesday, pipping the IT bigwig's ₹4.70 lakh crore, according to ETIG Database. Infosys is a constituent of the benchmarks Nifty 50 and Sensex, while Adani Power is a part of Nifty Next 50, and the BSE 100 index

Shares of Adani Power ended at ₹248.75 on Wednesday, up 1.7% over the previous day, while Infosys closed at ₹1,159.15, down 0.7%.

Investors have been bullish on Adani Power, India's largest private-sector thermal power producer, amid growing demand for energy. Infosys has been out of favour, as new artificial intelligence product launches such as Anthropic's Claude have cast a doubt on the future of traditional Indian information technology services companies.

Agencies

While Adani Power has overtaken Infosys in market capitalisation, the IT major remains larger in terms of earnings.

Infosys posted revenue of about ₹1.78 lakh crore and profit after tax of ₹29,440 crore in FY26, nearly double of Adani Power's ₹54,240 crore in revenue and ₹12,834 crore in profit for the year ended March 31.

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