Adani Power shares up over 30% in last 6 months - PL Capital sees a further 30% upside - Price target, rationale

Adani Power's shares have climbed over 30% in the past six months, with PL Capital predicting an additional 30% upside. The company aims to expand its capacity significantly by FY32, positioning itself as a major player in India's energy sector amidst strong earnings and declining debt.