“Initiated coverage on Adani Power with a 'Buy' rating and a target price of ₹250 per share, implying over 20% upside from current levels. The brokerage is bullish on the stock due to India's emerging thermal power renaissance, rising electricity demand, Adani Power's ambitious growth plans to reach 42GW by FY32, solid execution track record, and limited competition in the thermal segment. They project strong revenue, EBITDA, and PAT growth through FY29.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%