Power Generation & Distribution
Power - Generation/Distribution
from 208 today
We initiate coverage on Adani Power Limited with a BUY rating and target price of INR250/sh, driven by ambitious growth plans, a solid execution track record, and optionality from its nuclear foray alongside limited competition in the thermal segment.
We initiate coverage on Adani Power Limited (APL) with a BUY rating and TP of INR250/sh. We like APL for 1) ambitious growth plans, 2) solid execution track record, and 3) optionality from nuclear foray + limited competition in the thermal segment.
We prefer Adani Power for execution visibility and its 95% PPA-tied fleet.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
