19 Sep 2025 | 5 Mins Read
Morgan Stanley initiates 'Overweight' rating on Adani Power
Flipitmoney
Shares of Adani Power rallied as much as 9% to their day’s high of Rs 687 on the NSE on Friday. Morgan Stanley initiated coverage of Adani Power with an Overweight rating and a price target of Rs 818, implying a 30% upside potential. The brokerage expects Adani Power's operational capacity to nearly triple by FY32 and forecasts Ebitda to triple by FY33, reaching Rs 672 billion.