New Delhi, May 27 -- Adani Power surpassed IT major Infosys in terms of market capitalisation (m-cap) on Wednesday, 27 May, to emerge as the 11th most-valuable Indian company amid a sharp rally in the power stock.

Adani Power's market cap rose to over Rs.4.80 lakh crore as against Rs.4.71 lakh crore in the previous trading session, following a 3% rise in the stock to a fresh peak of Rs.252.60. Meanwhile, a decline in Infosys' share price pulled its market cap from near Rs.4.73 lakh crore a day ago to Rs.4.68 lakh crore currently.

Adani group's most valuable stock has seen a strong interest from investors this year amid rising power demand during the peak summer season, which has driven its stock 66% higher for the year so far and 125.51...