India, June 27 -- The shares of this large cap company majorly engaged in producing thermal power and selling under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis were in focus after the brokerage sees 20 percent upside potential

With the market capitalization of Rs. 4,40,385 Crores, the shares of Adani Power Ltd closed at Rs. 230 per share which is 10 percent discount from its 52 week high of Rs. 254 per share and is trading at a P/E of 34.5 whereas industry P/E stands at 31.7

Brokerage View Morgan Stanley has assigned a target price of Rs. 275 to Adani Power, implying an upside potential of around 20 percent. The brokerage believes the company's combination of strong cash generation, lower...