Adani Power shares tank 3%; ICICI Sec ups target price, sees 19% upside; here's why

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Adani Power sold 24 BU of power in Q2, up 7 per cent YoY. The merchant realisation was down 9 per cent in the quarter YoY. It reported PLF of 63 per cent was down 410 basis points (bps) YoY.