Adani Power draws bullish outlook from major brokerage firm

Motilal Oswal Financial Services has initiated a bullish stance on Adani Power, one of the flagship companies within the diversified Adani group conglomerate. The brokerage has set a price target of ₹250 per share, underpinned by a valuation multiple of 16 times forward earnings metrics for the fiscal year ending March 2029.

The brokerage identified three key factors supporting its positive outlook on the power generation company. These reasons reflect confidence in the company's operational performance, project execution capabilities, and strategic positioning within India's expanding energy infrastructure sector.

Under its valuation framework, Motilal Oswal attributed an additional value of ₹1 per share from investments held by Adani Power. This accounting adds depth to the overall price target and reflects the company's portfolio of strategic holdings.

Adani Power operates thermal and renewable energy generating assets across India and is a significant player in the nation's power generation landscape. The brokerage recommendation comes as India continues to invest heavily in its energy infrastructure to meet growing electricity demand from industrial and consumer segments.

The ₹250 target price represents the brokerage's assessment of fair value for the stock based on its financial projections and sector outlook for the forecast period.