ADANIPOWER

is quietly positioning for a structural shift in its power business.

, trading at 18x P/E below sector average, the stock has room for upside with brokers like Jefferies and InCred targeting 18-24% gains to ₹649-690 as new capacity and Bangladesh PPAs kick in. EBITDA is set to double by FY30 as capacity scales from 23 GW to 30 GW. The risks are real though. Shares cooled 1% today after a recent run, and commodity volatility plus macro sentiment could cap near-term gains. It's essentially a structurally strong power story flying under the radar. With a comfortable balance sheet and capacity ramp-up, downside seems limited. But coal and tariff dynamics need watching. Patience could pay if power demand and PPA visibility hold up. The setup looks favorable for those willing to wait for execution rather than expecting immediate fireworks