Adani Power share price target at Rs 818: 3 reasons the stock is up 9%
Shares of Adani Power surged up to 9% to a day’s high of Rs 687 on NSE on Friday, September 19, as fresh catalysts reignited investor enthusiasm. Here are three key reasons why experts believe the stock could rally nearly 30% from current levels.
Morgan Stanley’s overweight rating – Analysts describe Adani Power as India’s largest private coal-based independent power producer (IPP) with 18.15 GW of operational capacity. The company is expected to nearly 2.5x its portfolio to 41.9 GW by FY32, increasing its share in coal-based capacity from 8% in FY25 to 15% by FY32. Adani Power plans to invest around $22 billion in under under-construction capacity of 23.7 GW, with Morgan Stanley factoring in potential cost overruns that could…
