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Broker call▲ Bullish for Adani Power
Adani Power shares up over 30% in last 6 months - PL Capital sees a further 30% upside - Price target, rationale
The brief
- Adani Power shares rose over 30% in the past six months
- PL Capital predicts an additional 30% upside
- A further rally would benefit Adani Power shareholders; the shares have already risen sharply
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| ADANIPOWER | Fri, 25 Sept | +1.6% | +1.3% | 0.8× | +1.6% · Nifty +0.3% |
✓ Classifier read this as positive; ADANIPOWER rose 1.3% against the Nifty on the day it traded.
- Adani Power merges 10 subsidiaries into company as restructuring takes effect
- Adani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiaries