Investing in the stock market is a venture in that requires careful calculation and analysis of market conditions on Nifty and BSE. In this article, we will discuss the Adani Power Limited and its share price target for the year 2024. Adani Power Limited is a prominent company in the Adani Group, primarily involved in the generation and distribution of electrical energy. Adani Power has its head office located in Ahmedabad, Gujarat, the company has made significant strides in the energy sector since its establishment on August 22, 1996 except one low due to Hindenburg report. Gautam Adani from Gujarat serves as the Chairman of this enterprise.
Adani power Share Price History of Last 10 Years
| Year | Average | Lowest | Highest |
|---|---|---|---|
| 2023 | Rs 274.60 | Rs 132.40 | Rs 409.70 |
| 2022 | Rs 279.18 | Rs 98.00 | Rs 432.50 |
| 2021 | Rs 90.27 | Rs 48.50 | Rs 166.90 |
| 2020 | Rs 39.48 | Rs 23.00 | Rs 65.95 |
| 2019 | Rs 55.30 | Rs 33.25 | Rs 73.80 |
| 2018 | Rs 33.09 | Rs 15.15 | Rs 58.35 |
| 2017 | Rs 34.30 | Rs 25.85 | Rs 46.35 |
| 2016 | Rs 29.13 | Rs 22.45 | Rs 36.10 |
| 2015 | Rs 36.29 | Rs 19.60 | Rs 60.15 |
| 2014 | Rs 47.75 | Rs 31.80 | Rs 68.35 |
Adani Power’s Diverse Industry Presence
Adani Power Limited operates in various segments of the electricity sector, including distribution, generation, and transmission. This diversification has contributed to its strong market position and robust financial performance. Investors have reaped significant benefits from the company’s strategic approach, as it has delivered substantial returns over recent years.
- One-Year Return: Adani Power has provided an impressive return of up to 142.37% over the past year.
- Five-Year Return: Over the last five years, the company has delivered a remarkable return of 264.37% to it’s lucky investors.
These returns are a testament to the company’s ability to create value for its shareholders.
Adani Power Share price Target in Upcoming Years
Adani Power’s Share Price Target for 2024
Investors and analysts are keenly interested in Adani Power’s future performance, especially regarding its share price. As of now, Adani Power’s shares are trading in the range of Rs 350 to Rs 380. Looking ahead to 2024, the company’s share price target is expected to continue its upward trajectory. India is home of around 1.4 billion people. Due to huge population the ever-increasing demand for power in India, Adani Power is well-positioned to capitalize on this trend and provide favorable results to investors.
The share price target for Adani Power in 2024 is anticipated to fall within the range of Rs 400 to Rs 445. This projection takes into account the company’s capacity of 12.45 MW and its presence in multiple states, including Gujarat, Karnataka, Chhattisgarh, Maharashtra, and Rajasthan energy sector and generating energy from multiple sources. Adani Power has further expansion plans, with a vision to establish its presence in additional states. The company’s relentless focus on growth, coupled with collaborations with both private and government entities, positions it for substantial future growth.
| AdaniPowerSharePriceTarget | Minimum | Maximum | Average |
|---|---|---|---|
| Adani Power Share Price Target 2024 | 345 | 435 | 390 |
| Adani Power Share Price Target 2025 | 430 | 542 | 486 |
| Adani Power Share Price Target 2026 | 521 | 645 | 583 |
| Adani Power Share Price Target 2027 | 602 | 752 | 677 |
| Adani Power Share Price Target 2028 | 701 | 855 | 778 |
| Adani Power Share Price Target 2029 | 783 | 957 | 870 |
| Adani Power Share Price Target 2030 | 873 | 1055 | 964 |
Investors with a long-term perspective are likely to find Adani Power a compelling investment opportunity. Beyond 2024, the company’s share price target for 2025 is expected to be in the range of Rs 515 to Rs 650. Adani Power’s commitment to expanding its business, with an emphasis on green energy and thermal power, aligns with government initiatives promoting green energy. This creates an environment conducive to sustained investment returns.
For investors planning for the long term and aiming to hold shares in a forward-looking energy company, Adani Power stands out. Looking even further into the future demands of India, by 2030, the share price target is projected to reach approximately Rs 1,700 to Rs 2,000, five times from now.
Expectation from Adani Power
Adani Power Limited’s journey in the energy sector has been marked by impressive growth, making it an attractive choice for investors. While investing in stocks always comes with inherent market risks, Adani Power’s strategic direction and the increasing demand for power in India are strong indicators of future potential.
It is necessary for investors to conduct thorough research, assess their risk tolerance, and consult with financial experts before making any investment decisions in Adani Power or any other firm. Adani Power appears poised for a bright future, with promising share price targets in 2024, 2025, and beyond. As with all investments, due diligence and long-term planning are essential to realize the full potential of this opportunity for Indian investors.