Adani Power gets bullish call from Morgan Stanley. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Morgan Stanley continues to remain bullish on Adani Power on account of its aggressive expansion plans and robust growth outlook, as the company continues to play a key role in India's growth story.

In its latest note, Morgan Stanley has maintained an 'overweight' rating on Adani Power, with an unchanged target price of Rs 185.

The shares of Adani Power are currently trading at Rs 140 as of Thursday's market close. This implies a whopping 32% upside for the stock if Morgan Stanley's target is met.

The brokerage firm is bullish on Adani Power on multiple factors, but especially its massive capacity expansion with industry-leading efficienc

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