Stocks to watch today: The Indian stock market broke its three-day losing streak on Thursday, December 11, after the US Federal Reserve cut interest rates by 25 points. During this period, both Sensex and Nifty registered gains. Sensex rose 427 points to 84,818.13 (up 0.51 percent), while Nifty 50 jumped 141 points to trade at 25,898.55 (up 0.55 percent). Some stocks are going to be in focus during trading today. Let us know why it will be important to keep an eye on these stocks today?

Tata Power

Tata Power stock needs to be closely monitored today as the company has received a letter from REC Ltd for the acquisition of Jejuri Hinjewadi Power Transmission. The company informed that Jejuri Hinjewadi Power Transmission Limited will be developed on build-own-operate-transfer basis to provide transmission services for 35 years. In this project, about 115 km 400 KV double-circuit line will have to be built between Jejuri and Hinjewadi. Besides, 400 KV GIS line bays will also have to be expanded at substations at both the locations.

Infosys

Infosys has completed its share buyback and also announced the sale of 10 crore equity shares through tender offer. In this, Infosys co-founder S.D. His son Shreyas Shibulal also sold 19.92 lakh shares (0.05 per cent stake) in Infosys for Rs 317 crore on December 10-11, reducing his stake in the company to 0.44 per cent. S.D. Bhairavi’s daughter-in-law Madhusudan Shibulal also sold 5.42 lakh shares (0.01 percent stake) for Rs 86.21 crore on December 10, due to which her stake has also reduced to 0.12 percent.

Adani Power

Adani Power is exploring new opportunities for thermal and hydro power projects in South Asian countries. Recently the company has entered into an agreement with Druk Green Power (DGPC) of the Government of Bhutan under a 50:50 joint venture to increase hydro capacity of 500 MW in Bhutan. On Thursday, Adani Power shares closed at Rs 140.85.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Adani Power Share: Shares of Adani Power Limited fell by 3 percent on Friday. In fact, in the September quarter results, this company of Adani Group recorded a decline of 11 percent in net profit.

The company earned a profit of Rs 2,906.46 crore during this period, while sales stood at Rs 13,106.34 crore. Its effect was visible on the shares. The share fell 3 percent to a low of Rs 157.60. However, despite this, brokerages are bullish. ICICI Securities has increased its target price from Rs 134 to Rs 187, which shows a potential upside of 19 percent from the current price.

Why is brokerage so confident?

The brokerage said that Adani Power has entered into several power purchase agreements (PPAs) at attractive tariffs and the outlook for the company’s coal PPAs also remains strong.

ICICI Securities says, Adani Power has doubled its construction capacity (25 GW vs earlier 12 GW). It has signed power purchase agreements of 11 GW (including 2.4 GW L1 project in Assam) at attractive tariffs. Moreover, it is ahead of other companies of its level as it has already placed BTG orders for the entire construction portfolio. We expect a large portion of the remaining portfolio to be completed under long term PPA in the next 12-18 months.

Brokerage advised to buy

During July to September, Adani Power sold 24 units of electricity, which shows a growth of 7 percent on year-on-year basis. During this period, merchant realization remained 9 percent less year-on-year. The company recorded a PLF of 63 percent, which is down by 410 basis points (BPS) year-on-year.

“As a result, it reported revenue of Rs 134 billion (up 1% YoY) and EBITDA of Rs 50 billion (down 2% YoY) – which is in line with our estimates. Given the strong pipeline of projects and strong valuations, we are recommending a Buy share at a revised price of Rs 187,” ICICI Securities said.

They also have expectations from shares

Apart from ICICI Securities, Morgan Stanley, Jefferies and Cantor Fitzgerald all remain positive on Adani Power shares. Everyone increased their target price for the stock on Friday.
Morgan Stanley reiterated its ‘overweight’ rating on Adani Power. The brokerage has kept its target price at Rs 163.60, which is 1 percent more than the closing price of Rs 162.57 on October 30. Meanwhile, Jefferies also maintained its ‘buy’ rating and raised the target price to Rs 195 from Rs 138 earlier – indicating an upside of 20 per cent.

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Adani power share: The shares of many companies of Adani Group are seeing a boom today. The most bounce has come in the stock of Adani Power. In the first early trade, its shares fell from Rs 709.05 to 80 percent on Friday. The company has announced stock splits in the ratio of 1: 5. That is, every share of a face value of Rs 10 will now be divided into five shares of 2 rupees. After this, the price of shares was adjusted at Rs 141.81. Even though the price of each share decreases, since investors will have five shares instead of one share, there will be no change in its total investment price.

Share shock after opening

In this way, the opening of the stock took place at Rs 148.20, but shortly after it fell to Rs 147.30. In fact, after the stock split, these settles were settled in view of the company’s more number of shares in the stock market, causing a huge decline of 80 percent in the shares. However, it had no effect on the company’s market value.

After this, the stock caught such a pace that he jumped 20 percent and crossed its 52-week high level 168.80 rupees and reached Rs 170.20. Let us know that a record date was fixed on 19 September for stock split. Only those investors will get the benefit of stock split, who had Shares of Adani Power in the demat account till the business session on Friday. Suppose if someone had 100 shares of Adani Power till Friday, then after the stock splt in the ratio of 1: 5, they will now have 500 shares of the company. However, the value of investment will remain the same, only the price per share will be reduced.

Adani Power shares give great returns

Due to the stock split, it will also attract a large number of small investors. With the low price of share, investors will be able to invest in small parts, which will increase the liquidity of the shares. Adani Power shares have given more than 50 % return in the last 6 months. Whereas in two years, it has made 100 percent of its investors profit. Adani Power shares have given tremendous returns of up to 1700 percent in the last five years, so there has been constant enthusiasm in the market.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Adani power shares: Today, the shares of Adani Power, a company -led company Gautam Adani, are getting a tremendous boom. Today, during the business, the company’s shares jumped 4.74 percent to Rs 638.70. There is a reason behind this fast. In fact, the company has made a deal with the 570 MW hydroelectric project in the neighboring country Bhutan with the government company Druk Green Power Corp (DGPC).

Investment of Rs 6000 crore for project

In the Wangchhu project, Rs 6000 crore will be invested for the power plant and the infrastructure related to it. Work on the project is expected to start 2026, which is a target to complete within five years. Of course, this hydroelectric project will fulfill the increasing demand for electricity in Bhutan, especially during the winter days. Apart from this, electricity will also be exported to India through this.

Company making itself stronger in power sector

The Adani Group headed by industrialist Gautam Adani is planning to invest about $ 60 billion in the power sector by FY 32, especially in the products and distribution of renewable energy to invest about $ 60 billion to increase the renewal energy capacity from 14.2 gg of financial year 25 to 50. The Adani Green Energy Limited (AGEL), a part of the Adani Group, works to create and maintain utility-scal grid-connected solar and wind energy project.

This is also the plan of the company

Adani Green Energy Limited (AGEL) is also planning to set up a 30,000 km long transmission lines to meet India’s growing energy needs by FY 30, which is 19,200 km by 31 March, 2025. The Adani Group is also planning to increase its capacity from 17.6 GWing to 41.9 GW by investing $ 22 billion through Adani Power till FY 32. Adani Power is the largest private thermal power producing company in the country, whose capacity is inheat in states like Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu. There is also a 40 MW solar power project in Gujarat.

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