Relevant for Exams
Antique Stock Broking predicts 30% rally for Adani Power shares; low relevance for exams.
Summary
This article details Antique Stock Broking's 'Buy' rating for Adani Power shares, projecting a 30% rally due to aggressive capacity expansion and rising power demand. While providing insights into market analysis, specific stock recommendations and individual company performance predictions are generally not relevant for competitive exam preparation, which focuses on broader economic policies, regulatory bodies, and major financial indicators rather than speculative market movements.
Key Points
- 1Antique Stock Broking initiated 'Buy' coverage on Adani Power shares.
- 2The brokerage firm predicts a potential rally of up to 30% for Adani Power.
- 3Reasons cited include aggressive capacity expansion by Adani Power.
- 4Rising baseload power demand in the market is identified as a contributing factor.
- 5Improved cash-flow visibility from long-term Power Purchase Agreements (PPAs) supports the outlook.
Full Article
Adani Power shares could rally up to 30%, says Antique Stock Broking, which has initiated coverage with a Buy rating. The brokerage cites a strong earnings upcycle driven by aggressive capacity expansion, rising baseload power demand, and improved cash-flow visibility from long-term PPAs.