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Adani Power's operating profit could compound by 20% over next three years, IIFL Capital projects
IIFL Capital expects Adani Power to expand its customer base beyond DISCOMs, foraying into firm power supply to commercial and industrial (C&I) customers.
IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E
IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant new coal capacity, expanding its operational base. Free cash flow from operations is expected to rise substantially after portfolio buildout. The company also plans future ventures into nuclear and hydro power generation.
IIFL initiates coverage on Adani Power shares. Should you buy? - livemint.com
IIFL initiates coverage on Adani Power shares. Should you buy?livemint.com
Stocks to watch: HDFC Bank, Torrent Power, IIFL Finance among shares in focus today; check list here
Stock market today: On Thursday, the Sensex advanced 109.25 points, or 0.14%, to close at 77,100.47, while the Nifty 50 gained 34.35 points, or 0.14%, to settle at 24,056.00
Fertiliser, chemical firms may see input cost relief from September quarter: IIFL
Ranjit Cirumalla, Senior Vice President - Research at IIFL, said the expected reopening of West Asia supply routes could ease energy, feedstock and logistics costs for chemical-linked sectors. While supply-side risks are receding, demand growth will depend on monsoon progress and kharif sowing. Refrigerant chemical prices are expected to remain firm through 2026.
Tata Power shares have a 'meaningful re-rating opportunity' on these factors, IIFL says
Tata Power shares are trading at a 12-month forward Enterprise Value to EBITDA multiple of 10 times, which is lower than its long-term median of 11 times.
IIFL Home Finance inks $300 million loan pact with ADB
IIFL Home Finance has secured a $300 million loan from the Asian Development Bank to expand affordable housing lending for low-income families, with a special emphasis on women. A portion of the funds will back green-certified, energy-efficient homes, helping address India's substantial housing shortage and extending homeownership to underserved communities nationwide.