Adani Power shares up 27% in 2026 but Elara sees 16% more upside - What’s powering stock? Target price ↗
Elara Capital sees thermal power’s role in India’s energy system and Adani Power’s planned capacity growth as supportive of the company’s outlook. It initiated coverage with an Accumulate rating and a ₹220 target price, noting that the shares’ recent gains limit valuation upside.
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