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InCred Equities has initiated coverage on Adani Power with an add rating and a target price of Rs 649, citing a potential 17.8% upside. The brokerage highlights APLs strong thermal power presence, stable PPAs, brownfield expansion plans, and deleveraging efforts. With capacity set to rise to 30.67 GW by FY30F, APL is well-positioned for growth.
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News and Media
Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of Rs 22 per share has a record date of May 30, making May 29 the last day to buy shares to qualify. The total dividend for FY25 will be Rs 43 per share.
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News and Media
A South Korean navy plane crashed near Pohang during a training exercise. The P-3C patrol aircraft had four crew members on board. Authorities are currently investigating the fate of the crew. The cause of the crash remains unknown. Rescue workers and fire trucks were dispatched to the site. There were no reports of civilian casualties.
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News and Media
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