Bengaluru, July 9 -- This Adani group is back in focus as Jefferies maintains a 'Buy' rating with a target price of Rs.690, indicating a 15% upside. The bullish view is driven by plans to double EBITDA by FY30, capacity expansion, lower financial risk, and strong returns from overseas power sales.

With a market capitalization of Rs. 2,29,064 crore, shares of Adani Power Ltd. were trading at Rs. 602, up 0.33%, after touching a high of Rs. 610 per share. The stock had previously closed at Rs. 600 per share.

Capacity Expansion, Profitable PPAs, and Bangladesh Payments Drive Optimism Jefferies remains bullish on the Adani Group firm, citing strong capacity addition plans backed by a stable balance sheet. Investor sentiment has improved foll...