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Broker’s call: Adani Power (Buy)

Target: ₹600 CMP: ₹483.40 Adani Power has emerged unscathed after prolonged disputes relating to its existing power purchase agreements (PPAs) for operating assets. It has resolved the issues with culmination of legal cases in favour of Adani, renegotiation of a few (PPAs) to reduce the fuel risk and tying up with cheap coal under bids...
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New F&O proposals could hit FPIs, prop traders

The Securities and Exchange Board of India’s proposals to introduce gross limits for intraday derivatives trading in futures and options is likely to hit trading by foreign portfolio investors (FPIs), high net worth individuals and prop desks of stock brokers, shrinking their exposure. This, in turn, will have an impact on derivatives volumes as a...
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