Adani Power Limited saw overall foreign portfolio investor holdings decline in the September quarter as GQG Partners pared an estimated Rs 8,000 crore across Adani stocks, following prior GQG reductions in the company in January-June 2026, while mutual funds increased their holdings.

Adani Power Limited received an Accumulate initiation from Elara Capital with a Rs 220 target, implying over 16% upside from Rs 189, supported by its expansion to 42 GW, rising PPA coverage and merchant opportunity, though Elara said much growth is already priced in.

Quant Small Cap Fund added nearly 21.71 lakh shares of Adani Power in September, taking its holding to 6.21 crore shares from 5.99 crore shares in the previous month.

Adani Power Limited disclosed that entities managed by GQG Partners LLC sold 5,039,326 shares through multiple on-market transactions, reducing their combined holding with persons acting in concert to 1,102,436,633 shares or 5.72% from 1,107,475,959 shares or 5.74%.

Jefferies India estimated Adani Power would see less than 3% EPS impact from higher interest rates, indicating relatively limited sensitivity to the RBI's 25 bps repo rate hike to 5.50%.