MUMBAI: Credit Suisse has maintained its underperform rating on Adani Power, while cut its target price to Rs51 from Rs56 after the company's 2011-12 results disappointed.

The Adani Group on Friday dedicated to the nation India's first private sector high voltage direct current (HVDC) power transmission system, providing coal-fired thermal electricity generated at Adani Power Ltd's (APL) Mundra facility in Gujarat to ...

By Himansh Dhomse | Place: Ahmedabad | Agency: DNA The capital market in the financial year 2011-12 went through a turbulent time as foreign institutional investors (FIIs) remained in the outflow mode for most of the year.

Q4FY12 standalone volumes for the port were up only a small 7% YoY and down 7% QoQ at 15.53 mn tonnes. This is second consecutive quarter of fall in volumes QoQ for Adani Port.

Marwadi Shares & Finance (MSFL) has recommended `Hold` on Adani Power with a price target of Rs 59 as against the current market price (CMP) of Rs 50 in its report dated May 15, 2012.