Buy Adani Power, price target Rs 69: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Adani Power Ltd. with a target price of Rs 69. The current price of Adani Power Ltd. is Rs 61.1 Time period given by the analyst is Intra Day when Adani Power Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 58 .

Adani Power Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 23430.90 Crore) operating in Power sector.

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 31-12-2019, the company has reported a Consolidated sales of Rs 6574.82 Crore, up 11.14 % from last quarter Sales of Rs 5915.69 Crore and up 3.05 % from last year same quarter Sales of Rs 6380.33 Crore Company has reported net profit after tax of Rs -702.40 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 31-12-2019, the company has a total of 3,856,938,941 shares outstanding.