Adani Power Share Price Target 2023, 2024, 2025, 2030
Adani Power is one of the biggest power production houses in the country which has observed a gradual increase in demand. This has resulted in a quick increase in the share price in the year 2022. Investors who are planning to invest in Adani Power share must read this article to get an insight into the company and the likely performance of the stock in the future, as I will discuss about Adani Power Share Price Target.
What is Adani Power?
Adani Power is an Indian power as well as an energy company that is owned by the Adani group. The company is based in Khodiyar in Ahmedabad which is a private thermal power producer with having capacity of 12450 megawatts.
Adani Godda Power implemented a 1600-megawatt plant in Jharkhand. The organization also entered into a long-term power purchase agreement with the governments of Gujarat, Rajasthan, Punjab, Haryana, Maharashtra, and Karnataka.
The chairman of the company is Gautam Adani. The CEO and MD are Anil Sardana. The CFO of the company is Shailesh Sawa. The company secretary is Deepak Pandya. The revenue reported by Adani Power in 2022 was Rs 31,686 crore and the net income was Rs 4,911 crore.
Adani Power share price
The current Adani Power share price is Rs 278.80. The highest point touched by Adani Power share is Rs 430 in August 2022. The Adani Power share has increased by more than double in the year 2022. It is estimated that Adani Power share price will increase in the future.
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Adani Power share price technical analysis
Adani Power share price is currently following a downward trend. It is estimated that Adani power stock price will touch the pink zone which means the price will come down to the range of Rs 238 to Rs 252.
Moreover, the Adani power share price pattern has formed a head and shoulder pattern. It is estimated that once the stock price touches the baseline of the pattern, it will move upwards.
Adani Power target price 2023
There are several factors that support the increase in the price value. Adani Power is the major energy-producing company in India which has observed a constant increase in demand. There are several other companies that have also observed similar trend patterns. Adani Power has also taken benefit of a rise in demand.
This has also resulted in an increase in sales which can be evidenced from the third quarter of 2022. After the shift from petrol or diesel engine vehicles to electric vehicles, there has been an increase in the demand for electricity as the government has also planned to install charging stations for the vehicles.
Adani power target price for 2023 is estimated to be between Rs 355 to Rs 390.
Adani Power target price 2024
To fulfill the growing demand of the customers, the company has already planned to increase its production capacity. The organization also entered into a long-term power purchase agreement with the government of Gujarat, Rajasthan, Punjab, Haryana, Maharashtra, and Karnataka. Adani Power has the target of increasing its production capacity to around 7000 megawatts.
Adani power target price for 2024 is estimated to be between Rs 430 to Rs 465.
Adani Power target price 2025
Adani power is expected to partner with small private players as well as the government to fulfill the future energy demand. Adani Power has also tried to maintain a good relationship with the company is across the country by entering into power purchase agreements. It is a long-term agreement that will help the company to fulfill the growing demand and also the small companies will have good profitability. This will help to reduce the risk of losses to the small companies and rise in the share price.
Adani power target price for 2025 is estimated to be between Rs 560 to Rs 595.
Adani Power target price 2030
Adani Power has focused on providing clean energy due to which they have established the world’s first supercritical thermal power plant. This will help to create clean energy. Adani Power will also establish several supercritical thermal power plants in several states of the country. Along with this focus will also be on renewable energy sources like solar energy which is estimated to be the future of the entire world.
Adani power target price for 2030 is estimated to be Rs 2100.
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What is the best price to buy Adani Power share?
The best price to buy Adani Power share is between Rs 240 to Rs 250.
Is Adani Power bullish?
Adani Power share is bearish at current levels. Once it reaches Rs 250, the price is expected to be bullish.
Can we hold Adani Power share?
Yes, you can hold Adani Power share price for as long as possible. For this, you must have a demat account which will help you to buy, hold, and sell the stocks.
To open demat account with India’s best broker, click here
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Frequently asked questions
What will be the price of Adani power in 2025?
The estimated price of Adani Power in 2025 is between Rs 560 to Rs 595.
Should I buy Adani Power share?
The investors are recommended to buy the stock at the price level of Rs 250. Thereafter, the stock price is expected to grow and give good returns to the investors in the long run.
Is Adani Power a penny stock?
No, Adani Power is not a penny stock because the price is above Rs 100.
Will Adani Power grow?
Yes, it is expected that Adani power will grow.
Which Adani share is best for long term?
Adani Enterprises.
Adani Green Energy.
Adani Ports & SEZ.
Adani Power.
Adani Total Gas.
Adani Transmission.
Adani Wilmar.
Is Adani Power good company?
Yes, Adani Power is a good company.
Can Adani Power be a multibagger?
Adani Power has delivered multi-bagger returns to investors in the past 5 years. It is expected to grow in the future as well.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
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