Other income for the quarter stood at Rs 255.6 crore, nearly three-fold jump over Rs 93.7 crore in corresponding quarter last fiscal.
The EBITDA is seen lower by 20 percent at Rs 1,468 crore against Rs 1,821 crore
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Sandeep Wagle of powermywealth.com suggests buying Adani Power and Godrej Industries.
According to Technical Analyst Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9785 and the resistance is at 9911. Bank Nifty on the other hand has support at 24074 and resistance at 24511.
The company had posted a consolidated net loss of Rs 232.63 crore in the quarter ended on June 30, 2016, Adani Power said in a BSE filing.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell IndusInd Bank and Adani Power and buy Indian Oil Corporation.
"We are discontinuing coverage on Adani Power due to reallocation of our resources. The firm's last recommendation for the stock is sell and our target price is Rs 23. This is our last rating on Adani Power," Citi said.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finance, Sun Pharma Advanced Research, Adani Power, Bhushan Steel and State Trading Corporation of India.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finance, Adani Power and Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Adani Transmission, Jaiprakash Associates, Adani Power and IFCI.
People privy of the development told CNBC-TV18 that the BoA for special economic zones (SEZ) under the Commerce Ministry want to check whether Adani Power's lenders have given an approval for transfer or not.
Ashwani Gujral of ashwanigujral.com suggests buying Bank of Baroda, UltraTech Cement and Adani Power.
Avinnash Gorakssakar, Market Expert is of the view that one may exit Adani Power and prefer Rural Electrification Corporation.
Prakash Gaba of prakashgaba.com advises exiting Adani Power on rise.
In a desperate measure, these companies had even offered GUVNL to take over majority stake in these power plants at a token consideration of Re 1 only.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Power and can sell Indian Oil Corporation and Kajaria Ceramics.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Adani Power and sell Hexaware Technologies.
The next wave of stressed assets could be from the power sector with companies such as Adani, Tata and Essar groups sitting on many unviable power projects incurring hefty losses.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell ONGC and Lupin and advises buying Dewan Housing Finance and holding Adani Power.
Axis Direct recommended hold rating on Adani Power with a target price of Rs 27 in its research report dated June 06, 2017.
The company told the exchanges on Tuesday that the Board had approved the sale to Adani Power (Mundra).
Industry sources said Gujarat Urja Vikas Nigam Ltd (GUVNL) the Gujarat government entity, which buys a bulk of the 4,260 MW electricity generated at Mundra, may take 51 percent stake in the new subsidiary.
Prakash Gaba of prakashgaba.com is of the view that Adani Power looks weak and advises exiting the stock.