Adani Power Share Price target for 2024

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In the dynamic world of finance, tracking the share price of companies is much essential for investors and stock market like Adani Power Share Price target for 2024 . Lets give an extra premium fuel to your investment in Adani power and others too. In this article, we will predict the Adani Power Share Price,

The way its price are predicted is based on the some relative data and expected progress

Adani Power Share Price Now

The current share price of Adani power has seen a surge over the past weeks, after an accumulation stage. This reflecting its value and trust intention is  growing in the market. As of today, Adani Power shares are trading at ₹ 325.5  price level, showcasing the confidence investors have in the company’s potential.

Factors Driving Adani Power’s Share Price

Several key factors have contributed to the increase in this share price. Understanding these factors can provide insights into its current valuation and potential future growth.

Expansion Projects: Adani Power strategic focus on expanding its operations, especially in sectors like renewable energy, ports, logistics, and airports, has drag investor interest. These expansion projects have not only boosted the company’s revenue but have also positioned it as a frontrunner in the sustainable energy transition, attracting environmentally conscious investors. One such notable project is the Adani Green Energy Limited, which is at the forefront of India’s renewable energy landscape. The company’s significant investments in solar and wind power generation have propelled its market reputation.

Strategic Partnerships: Adani’s collaborative approach with global companies and governments has played a pivotal role in boosting its share price. By forming strategic partnerships, such as the recent collaboration with TotalEnergies, the company has gained access to new markets and technologies, further stimulating investor confidence. New Projects from Godda, Jharkhand and Singraauli Expansion, Madhya Pradesh, India will help to boost the stock price.

Adani Power Share Price target for 2024

While past performance does not guarantee future results, analyzing trends and making predictions can assist investors in making informed decisions. Here are some potential factors that could influence Adani’s share price in the future:

Continued Expansion: Adani’s persistent focus on expansion projects is likely to propel its share price further. As the company continues to diversify its business interests and venture into new sectors, investors can anticipate a positive impact on share prices.

Global Initiatives: With Adani’s increasing involvement in global initiatives, such as its partnership with the Biden administration’s Earthshot initiative, the company’s share price may witness upward momentum. Collaborations with international organizations and governments can open doors to new opportunities, potentially driving Adani’s market valuation.

Based on the predictions and Chart analysis it is expected, the Price will move up to 400 by this year end of 2023, where as by April to June month of 2024 it will regain its price 450-460 price range and we are are expecting till 500-520 it can reach by first half of 2024.

Adani Power Share Price Target 2024 & 2025
Expected Time		Target Price (₹)-Minimum	Maximum
Dec-23		400	420
Aug-24		500	530
Dec-24		580	610
Jun-25		630	680

Adani Power Share Price prediction 2025

Target for 2025 is looking more sharp than the steady 2024, price may range from minimum Rs-630 to maximum Rs-680.

Based on the Technical analysis of this Stock, the prediction is mentioned.

Adani Power Share Holding Pattern

QoQ	Promoter  (%)	Retail Investor(%)	Foreign Investor(%)	Mutual Fund(%)
Jun-23	74.97	13.04	11.95	0.04
Mar-23	74.97	13.32	11.7	0.01
Dec-22	74.97	12.88	12.14
Jun-22	74.97	13.23	11.8

Adani power has a maximum holding of Promoters of more than 70%, increased from 68.08% in March 20217. This builds confidence of Investors on company promoters regarding their extreme commitment towards growth and to be investible.

Quarter on Quarter (QoQ) mutual fund investors are showing more interest and increasing portfolio which is great success for any public company, although it was much higher during 2018. After the Hindenburg’s Report on Adani group of company the valuation and  trust shaken up, but the the Conglomerate has enough strength, commitment of expansion and process driven culture are the pillars were not hampered.

The share held by Foreign Institutional Investors(FII) decreased significantly from Mar 2017 to Mar 2018, dropping from 22.12% to 11.20% .However recently there was a little increase in Mar 2022 and Mar 2023, but it remains especially less than in Mar 2017, This could be an indication of decreasing foreign investor confidence in the company. But the recent improvement is a positive bounce back apparently.

Peer Competitor of Adani Power

Adani Power  being a major player in the thermal power sector with and installed capacity of 12,450 MW and other 40MW of mega solar plants initiative, it has healthy peer competition with

• •  NTPC Ltd., Installed capacity of 65,810 MW .
• Tata Power Ltd., installed capacity of 12,772 MW
• JSW Energy Ltd. installed capacity of 4,559 MW

Conclusion

The Biggest question arises is Adani power is going through a good time to buy? Based on the performance, adopting newer & sustainable technology and fore steps, it can be assumed its a good bait to invest. But its completely your individual decision to park your money on which stock, we are not suggesting, rather we are analyzing and posting our thought.