Adani Power , India's largest private coal-based power producer, witnessed a significant uptick on the National Stock Exchange (NSE), climbing 9% to reach Rs 687.00. This surge comes in the wake of three major developments that have bolstered investor confidence in the company.

Morgan Stanley's Bullish Outlook

Morgan Stanley has issued an overweight rating for Adani Power, setting a price target of Rs 818.00. The investment firm's optimistic stance is rooted in Adani Power's dominant position in India's power sector, with an operational capacity of 18.15 GW. Morgan Stanley's analysis projects a substantial expansion in the company's capacity, forecasting growth to 41.9 GW by FY32 through a sizeable investment of $22 billion.

The firm's projections paint a robust picture of Adani Power's financial future:

All figures in Rs crore

SEBI Clearance

In a significant development for the Adani Group, the Securities and Exchange Board of India (SEBI) has cleared Gautam Adani and Adani Group companies of allegations made by Hindenburg Research. The regulatory body found no evidence to support claims of stock manipulation or accounting fraud, providing a boost to investor confidence in the group's companies, including Adani Power.

First-Ever Stock Split Announcement

Adding to the positive momentum, Adani Power has announced its first-ever stock split. The company has set September 22, 2025, as the record date for this corporate action. Stock splits are often viewed favorably by investors as they can increase liquidity and make shares more accessible to a broader range of investors.

Market Impact

The confluence of these factors—a bullish analyst outlook, regulatory clearance, and a forthcoming stock split—has contributed to the significant 9% jump in Adani Power's share price. As the company continues to expand its operational capacity and improve its financial metrics, investors will be closely watching its performance in the coming years.

Adani Power's strong market position and ambitious growth plans underscore its importance in India's power sector. With the positive analyst projections and cleared regulatory concerns, the company appears well-positioned to capitalize on the growing energy demands of the world's most populous nation.

Adani Power Ltd (APL) shares are in the spotlight as Friday marks the final trading session for investors to purchase shares and qualify for the company's upcoming stock split. This corporate action represents a significant milestone for APL, being its first-ever stock split since going public.

Stock Split Details

The board of Adani Power has approved a 1:5 stock split, which means:

• Each fully paid-up equity share with a face value of Rs 10.00 will be divided into five shares
• The new face value of each share will be Rs 2.00

This move is expected to increase the liquidity of the stock and make it more accessible to a broader range of investors.

Key Dates and Shareholding Pattern

• Last Date to Buy: Friday (current trading session)
• Record Date: To be announced

The current shareholding pattern of Adani Power is as follows:

The company has a total of 385.69 crore fully paid-up equity shares.

Recent Stock Performance

Adani Power's stock has shown mixed performance over different time frames:

• Closing Price (Thursday): Rs 630.85 (0.10% lower)
• 12-Month Performance: 3.00% decline
• Year-to-Date Performance: 19.00% gain
• Current Price vs 52-Week High: Trading 6.90% below the 52-week high of Rs 678.00

Investors and market participants will be closely watching the stock's movement following the split, as it may impact trading patterns and valuation metrics. However, it's important to note that a stock split doesn't change the fundamental value of a company; it merely increases the number of outstanding shares while proportionally decreasing the price per share.

As always, investors are advised to conduct their own research and consider their financial goals before making investment decisions.