Ventura sees 57% upside in Adani Power in 2 years, lists 5 reasons for investment
Adani Power (APL) stock, domestic brokerage firm Ventura Securities has given a ‘buy’ rating and set a target price of Rs 806. According to Ventura Securities, APL stands out as one of the largest, fastest-growing, and operationally efficient companies.
The upside potential as stated above is from the stock’s present share price at Rs 513.
“APL, India's largest private pure-play thermal power producer, is strategically positioned with robust capacity expansion plans to address this critical demand. We recommend BUY with an upward revised DCF-based price target of INR 806 (13.8X FY27 EV/EBITDA), representing an upside of 54.5%,” said Ventura in its report.
Ventura Securities further stated that the company’s strong growth visibility justifies premium valuation.
While APL’s FY27 valuation appears expensive, its superior profit growth-to-RoIC ratio and industry’s one of the leading revenues & EBITDA performance outshine most of its peers, the domestic brokerage firm said.
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