“Bullish on Adani Power, setting a price target of ₹250, implying a 19% upside from current levels. The company is seen as a natural winner in India's thermal capacity build-out, justifying its valuation premium over peers like NTPC and JSW Energy due to superior capital allocation and a strong growth trajectory.”

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