Adani Power shares up 27% in 2026 but Elara sees 16% more upside
60-Word AI Digest
Elara Capital sees thermal power’s role in India’s energy system and Adani Power’s planned capacity growth as supportive of the company’s outlook. It initiated coverage with an Accumulate rating and a ₹220 target price, noting that the shares’ recent gains limit valuation upside.
Key Takeaways
- Elara Capital sees thermal power’s role in India’s energy system and Adani Power’s planned capacity growth as supportive of the company’s outlook.
- It initiated coverage with an Accumulate rating and a ₹220 target price, noting that the shares’ recent gains limit valuation upside.
- Full details and original dispatch available below.
Elara Capital sees thermal power’s role in India’s energy system and Adani Power’s planned capacity growth as supportive of the company’s outlook. It initiated coverage with an Accumulate rating and a ₹220 target price, noting that the shares’ recent gains limit valuation upside.
Original Publisher Attribution
This summary was curated from What’s powering stock? Target price.