Buy Adani Power, target price Rs 755: Anand Rathi

economictimes.indiatimes.com:

Adani Power with a target price of Rs 755. The current market price of Adani Power Ltd. is Rs 666.

Adani Power Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 244317.80 Crore) operating in Power sector.

Adani Power Ltd. key Products/Revenue Segments include Coal, Income From Power Supply, Sale of services for the year ending 31-Mar-2022.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 15473.95 Crore, up 11.47 % from last quarter Total Income of Rs 13881.52 Crore and down -14.55 % from last year same quarter Total Income of Rs 18109.01 Crore. Company reported net profit after tax of Rs 3912.79 Crore in latest quarter.

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