Adani Power shares may rally 18%, positioned as a pure play in India’s thermal power space: InCred Equities

May 29, 2025

InCred Equities has initiated coverage on Adani Power with an ‘add’ rating and a target price of Rs 649, citing a potential 17.8% upside. The brokerage highlights APL’s strong thermal power presence, stable PPAs, brownfield expansion plans, and deleveraging efforts. With capacity set to rise to 30.67 GW by FY30F, APL is well-positioned for growth.

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Piramal Enterprises Q1 Results: Net profit surges 52% to Rs 276 crore on improved margins, lower credit costs

Piramal Enterprises reported a 52% rise in consolidated Q1 net profit to Rs 276 crore, driven by lower credit costs and a 37% surge in

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