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flag Adani Power shares jumped 9% on strong growth outlook, stock split, and cleared regulatory issues.

flag Adani Power shares rose up to 9% to Rs 687 on 19 September amid a positive outlook from Morgan Stanley, which assigned an "Overweight" rating and a target price of Rs 818, implying nearly 30% upside. flag The brokerage cited strong growth potential, driven by expected capacity expansion to 41.9 GW by FY32, increased coal-based generation share, and resolution of regulatory concerns after SEBI cleared the Adani Group of allegations by Hindenburg Research. flag The company’s first stock split aims to boost liquidity and affordability. flag Morgan Stanley forecasts EBITDA to triple by FY33 and expects sustained earnings growth from timely project completions, long-term power purchase agreements, and India’s rising energy demand from AI, EVs, and infrastructure.

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