Adani Power share price target for long-term investors: What to expect

Jefferies recommends investing in Adani Power, with a high target price, anticipating significant growth.

India's second-largest thermal power generator, Adani Power, aims to double capacity by 2030, according to Jefferies.

Jefferies projects Adani's merchant capacity to reach 12-13% by FY30, benefiting from recovering power demand.

Strong growth projected, potential merchant upside, decreasing leverage, and substantial EBITDA growth are key factors.

Adani Power opened in the green, trading around ₹510.55 with a 1% surge.

Jefferies sets Adani Power's target at ₹660 (base case), ₹755 (upside), and ₹315 (downside).

Adani Power's Q3 profit rose 7.4% YoY to ₹2,940 crore, with increased revenue and EBITDA.

Consult your market expert before making any investment decisions.