Buy Adani Power, target Rs 76: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Adani Power Ltd. with a target price of Rs 76. The current market price of Adani Power Ltd. is Rs 65.85. Time period given by the analyst is Intra Day when Adani Power Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 62. Adani Power Ltd., incorporated in 1996, has a market cap of Rs 25397.94 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 30-06-2019, the company has reported a Consolidated sales of Rs 7804.78 Crore, up 16.11 % from last quarter Sales of Rs 6721.72 Crore and up 103.80 % from last year same quarter Sales of Rs 3829.68 Crore Company has reported net profit after tax of Rs -263.39 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 30-06-2019, the company has a total of 3,856,938,941 shares outstanding.