Whalesbook
Kya Hua Adani Group Mein?
Dekho, pichle kuch samay se Adani Power ka share bhaag raha hai aur ab toh usne Adani Ports and Special Economic Zone (APSEZ) ko bhi valuation mein peeche chhod diya hai. Yeh Adani Group ke liye ek bada moment hai. Adani Power ka market cap ab lagbhag ₹3.87 lakh crore ho gaya hai, jabki APSEZ ka market cap ₹3.63 lakh crore ke aas-paas hai. Simple words mein, investors ab Adani Power ke energy assets ko zyada pasand kar rahe hain APSEZ ke infrastructure arm se.
Power Sector Ki Dhamakedar Growth!
Adani Power ki is tez raftaar ke peeche ka main reason hai India ka power sector. Suna hai na, India ki bijli ki demand 6.4% saalana ke hisaab se badhne wali hai 2030 tak! Government ka bhi target hai 500 GW renewable energy ka, aur saath hi thermal power ki bhi zarurat padegi. Is sab mein Adani Power, jo ki sabse bada private thermal power producer hai, seedha fayda uthayega. Pichhle ek saal mein Adani Power ke shares 81.93% badhe hain, jo Tata Power (12.16%) aur NTPC (7%) se kaafi zyada hai. Aur 2026 (YTD) mein bhi, Adani Power ke shares 34% ude hain jabki APSEZ ke sirf 6%.
APSEZ Bhi Kam Nahi Par Thoda Dheeme!
APSEZ bhi apni jagah steady chal raha hai. India ka shipping trade jo ki country ke total trade ka 95% hai, wo bhi badh raha hai. National Logistics Policy jaise cheezon se is sector ko aur boost mil raha hai. APSEZ India ka sabse bada port operator hai aur iska growth bhi accha hai, par Adani Power jitna tez nahi. Iss saal (2026 YTD) APSEZ ke shares 6% hi badhe hain. Fitch Ratings ne bhi ab iska outlook Stable kar diya hai. Iska Price-to-Earnings (P/E) ratio lagbhag 29 hai, jo Adani Power ke recent surge se thoda mature valuation dikhata hai.
Risks Aur Regulatory Tension?
Par bhai, har taraf sirf achhi khabar nahi hai. Adani Power ka P/E ratio ab 32.95 ho gaya hai, jo expectations dikhata hai, par isko purani valuations aur peers jaise NTPC se compare karna chahiye. Kuch analysts ka target price ₹180-₹187 ke aas-paas hai, matlab current levels se thoda girne ka chance bhi hai. Aur Gautam Adani Group toh regulators ki nazar mein rehta hi hai. US mein SEC ne fraud case file kiya hai, jisme ek hearing April 2026 mein hai. Haalanki, Competition Commission of India ne solar tender case mein Adani Group ko clean chit de di hai. Par US wale case abhi bhi tension wali baat hai.
Analysts Kya Kehte Hain?
Analysts dono stocks par positive hain, bas future growth ko lekar thoda alag view hai. Adani Power ko bahut se analysts 'Strong Buy' bol rahe hain, energy sector ki growth dekh kar. APSEZ ko bhi 23 analysts ne 'Strong Buy' kaha hai, logistics aur infrastructure mein iske position ke karan. Group ki overall valuation bhi ₹1.67 lakh crore badhi hai iss saal, jisse Gautam Adani phir se Asia ke sabse ameer aadmi ban gaye hain, net worth $92.6 billion ke saath. Jaiprakash Associates ke assets ko acquire karna group ke expansion ka proof hai. Toh, yeh valuation shift dikhata hai ki energy demand aur Adani Group ki capacity par markets ko bharosa hai.