Adani power share price target: Shares of Adani Power surged

Shares of Adani Power surged 9% to Rs 687 on the NSE on September 19, driven by renewed investor enthusiasm. Analysts cite three key catalysts for a potential 30% upside, including Morgan Stanleys overweight rating, the companys plan to expand operational capacity from 18.15 GW to 41.9 GW by FY32, and a $22–27 billion investment in under-construction projects. Adani Power, a subsidiary of the Adani Group, is one of India’s leading private power producers. Known for its significant contributions to India’s energy sector, Adani Power operates several thermal power plants nationwide. This article uses technical analysis, historical data, and market trends to provide a detailed analysis of Adani Power share price target for 2025, 2030, 2035, 2040, 2045, and 2050. ICICI Securities has maintained a BUY rating on Adani Power, revising the target price upwards to Rs 187 from Rs 134, reflecting the company’s robust capacity expansion, successful power purchase agreements (PPAs) at attractive tariffs, and solid operational performance. In 2030, its share price target would be ₹988, as per stock market analysts. Its share price would be between ₹834 to ₹988 in 2030, as per stock market analysts. An important part of Adani Power’s financial success is its steady increase in revenue over the past five years.