Motilal Oswal initiates Buy on Adani Power with ₹250 target

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Motilal Oswal Financial Services initiated a 'Buy' rating on Adani Power with a target price of ₹250, driving the stock up 2% to ₹211.35 on Thursday. The brokerage cites Adani Power's ambitious growth plan to expand capacity 2.3x to 42GW by FY32, a solid execution track record in acquiring distressed assets, and a foray into nuclear power as key bullish factors. MOFSL values the company at 16x FY29E Ebitda, projecting a 21% Ebitda CAGR over FY26-29E, while flagging risks including untied thermal capacity and rising competition.


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Motilal Oswal initiates Buy on Adani Power with ₹250 target | News Minimalist