Today, there is a great boom in the stock market. Meanwhile, Adani Port Share has seen more than 6 percent rise in Adani Port Share. Apart from this, other Adani stocks have climbed and now the experts have shared their view on Adani Power Share, claiming that Adani Power shares may climb up to 50 per cent.
Adani Power’s fourth quarter performed as expected, after which some brokerage retained its ‘buy’ rating on the Shares of Adani Group, stating that the company has resolved its disputes and reduced the loan. In addition, the company has improved the profits of its operational assets.
He said that Adani Power is using its balance sheet to get assets at attractive prices. It is also setting up new assets to meet the new coal demand.
Where will Adani Power go in 12 months?
ICICI Securities has given a ‘buy’ rating on Adani power with a 12 -month target price of Rs 610. Ventura Securities sees a huge increase of 51 percent in Adani Power, but this target can be achieved in 24 months.
Why is ICICI Securities Flow?
ICICI Securities said that Adani Power is ahead of competition in new construction, as well as the company said it is capable of tying its existing assets under the new long -term system at attractive rates. ICICI Securities said that we recommend purchases, as the state is a strong pipeline of new PPAs by Discom and the merchant/short -term markets are offering faster.
Share will cross 800 rupees in 24 months
Ventura Securities has kept a 24 -month target of Rs 806 on Adani power. It said that the demand for electricity in India is increasing, which is inspired by growth in manufacturing activities and increasing trend of white goods and gadgets in homes.
Ventura said that renewable energy is supportive in fully meeting growing energy requirements and the growing maximum demand supply gap meets the base load load load thermal power capacity. India’s largest private net thermal power producing company APL is strategized with strong capacity expansion schemes to meet this special demand. This brokerage has recommended it to ‘buy’ and has a target price of Rs 806, which shows an increase of 51.5 percent.
How is the company’s result?
The fourth quarter revenue of Adani Power rose by 6.5 percent to Rs 14,237 crore as compared to the previous year, increased by 18.9 percent to 26.4 billion units from the sale of electricity. Volume growth was partially offset by receiving low merchant tariffs during the quarter. During the fourth quarter of FY 2025, the average tariff was Rs 5.4 per unit compared to Rs 6 per unit. The production capacity was 17,550 MW, which was 15,250 MW last year.
(Note- Target brokerage firms of shares of different companies mentioned here are opinion. Aajtak.in does not take responsibility.