Buy Adani Power, price target Rs 68: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on Adani Power Ltd. with a target price of Rs 68.0 . The current price of Adani Power Ltd. is Rs 63.9. Time period given by the analyst is Intra Day when Adani Power Ltd. price can reach defined target. Jayesh Bhanushali recommended to keep a stoploss at Rs 61.5 .

Adani Power Ltd., incorporated in 1996, has a market cap of Rs 24645.84 crore. Adani Power Ltd. key Products/Revenue Segments include Coal which contributed Rs 2293.05 Crore to Sales Value (95.37 % of Total Sales) and Income From Power Supply which contributed Rs 111.15 Crore to Sales Value (4.62 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 5915.69 Crore, down -24.20 % from last quarter Sales of Rs 7804.78 Crore and down -16.73 % from last year same quarter Sales of Rs 7104.22 Crore Company has reported net profit after tax of Rs 3.88 Crore in latest quarter.


The company’s top management includes Mr.Gautam S Adani, Mr.Mukesh Shah, Mr.Rajesh S Adani, Mr.Raminder Singh Gujral, Mr.Vneet S Jaain, Ms.Gauri Trivedi. Company has S R B C & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 3,856,938,941 shares outstanding.