VERIFIEDET Stocks·7 Jul 2026positive

IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E

AI Summary

·IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price.
·IIFL forecasts Adani Power's EBITDA to quadruple by FY33-35E due to its growth pipeline.
·Adani Power is expanding its operational base with new coal capacity and plans future ventures into nuclear and hydro power.