IIFL Capital recommends buying Adani Power, targeting ₹240, citing strong growth potential and superior returns in the utility sector.

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…

IIFL Capital recommends buying Adani Power, targeting ₹240, citing strong growth potential and superior returns in the utility sector.