Adani Power share price surges 14% as Morgan Stanley calls it ‘Top Pick’; sets target price at ₹818, a 30% upside

Adani Power shares surged nearly 14% after Morgan Stanley rated it Overweight with a target of ₹818. The SEBI’s dismissal of stock manipulation allegations boosted investor confidence, while Morgan Stanley predicts significant growth in capacity and profitability by FY33.