Adani Power shares may see another 23% growth, says JM Financial while initiating coverage
Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% from the current market price of approximately Rs 145. The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in the thermal…