Motilal Oswal starts Adani Power with BUY, target Rs 250
Motilal Oswal initiated coverage on Adani Power Limited with a BUY rating and a TP of INR 250 per share. The note cites growth plans to lift capacity to 42GW by FY32.
Motilal Oswal's research report on Adani PowerWe initiate coverage on Adani Power Limited (APL) with a BUY rating and TP of INR250/sh.
We like APL for 1) ambitious growth plans (capacity up 2.3x to 42GW by FY32), 2) solid execution track record demonstrated by acquisition and turnaround of multiple…