Buy Adani Power, target Rs 36.5 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Adani Power Ltd. with a target price of Rs 36.5 . The current market price of Adani Power Ltd. is Rs 33.45 Time period given by the analyst is Intra Day when Adani Power Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 32. Adani Power Ltd., incorporated in 1996, is a midcap company with a market cap of Rs 12901.46 crore.

Adani Power Ltd. key Products/Revenue Segments include Income From Power Supply which contributed Rs 9118.16 Crore to Sales Value (82.75 % of Total Sales), Coal which contributed Rs 1704.12 Crore to Sales Value (15.46 % of Total Sales), Other Operating Revenue which contributed Rs 171.12 Crore to Sales Value (1.55 % of Total Sales), Fly Ash which contributed Rs 24.57 Crore to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 3829.68 Crore, down -5.77 % from last quarter Sales of Rs 4064.17 Crore and down -31.49 % from last year same quarter Sales of Rs 5590.19 Crore Company has reported net profit after tax of Rs -825.15 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. Company has Deloitte Haskins & Sells as its auditoRs As on 30-06-2018, the company has a total of 3,856,938,941 shares outstanding.