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Shares of Adani Power surged up to 9% to a day’s high of Rs 687 on NSE on Friday, September 19, as fresh catalysts reignited investor enthusiasm. Here are three key reasons why experts believe the stock could rally nearly 30% from current levels.Morgan Stanley’s overweight rating – Analysts describe Adani Power as India’s largest private coal-based independent power producer (IPP) with 18.15 GW of operational capacity. The company is expected to nearly 2.5x its portfolio to 41.9 GW by FY32, increasing its share in coal-based capacity from 8% in FY25 to 15% by FY32. Adani Power plans to invest around $22 billion in under under-construction capacity of 23.7 GW, with Morgan Stanley factoring in potential cost overruns that could push total capex to $27 billion.The report projects EBITDA to triple by FY33, reaching Rs 67,200 crore, reflecting a 17% CAGR over FY25–33. Net profit is forecast at Rs 11,740 crore in FY26, rising to Rs 15,316 crore by FY28. Revenue is estimated at Rs 55,015 crore in FY26, increasing to Rs 70,057 crore by FY28. Operating margins are expected to remain strong, with EBITDA rising from Rs 21,305 crore in FY25 to Rs 30,453 crore in FY28.Also read: Rs 46,000 crore rally! What Sebi slamming the door on Hindenburg means for Adani investorsNo regulatory overhang – On September 18, the market regulator SEBI gave a clean chit to Gautam Adani, his brother Rajesh Adani, and several Adani Group companies in connection with allegations made by US short-seller Hindenburg Research. SEBI stated there was no evidence of wrongdoing in the case related to the allegations from January 2023.Hindenburg had accused the Adani Group of stock manipulation and accounting fraud, which had triggered a sharp fall in the shares of the group’s listed companies. SEBI’s investigation found no fraud, misuse of funds, or falsification of records.Reacting to the SEBI order, Gautam Adani wrote on X (formerly Twitter), “After an exhaustive investigation, SEBI has reaffirmed what we have always maintained—that the Hindenburg claims were baseless.”Read more: Adani Enterprises and other group stocks zoom up to 13% as Sebi clears Gautam Adani, Rajesh Adani of Hindenburg allegations1:5 stock split – Today marks the last opportunity for investors to purchase shares of Adani Power to qualify for the company’s first-ever stock split. The record date for determining shareholder eligibility has been set as Monday, September 22, 2025. Investors holding shares as of the record date will be entitled to receive the split shares. This is the first stock split in the company’s history.The split aims to increase the number of outstanding shares and adjust the face value accordingly. Market observers note that such corporate actions generally make shares more affordable in absolute terms and boost liquidity by encouraging wider participation.At around 9:45 am, Adani Power shares were trading at Rs 671 on the NSE, up 6.35% from the previous close. The stock has risen 11% in the past month and about 30% over the last six months.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The United Kingdom remains the top choice for international students for Fall 2025, according to ApplyBoard’s latest Recruitment Partner Pulse Survey. The report, based on insights from nearly 400 student recruitment professionals, highlights how government policies, affordability, and shifting priorities are shaping global study destinations. 123991418The UK continues to lead perceptions of attractiveness, safety, and inclusivity. About 82% of recruitment partners said their students find the UK appealing, the highest among all countries. Visa demand also reflects this momentum, with main applicant UK student visa applications up 16% year-on-year in the second quarter of 2025. Despite concerns around the government’s immigration White Paper, recruiters noted that the UK’s stability and welcoming environment remain key drivers of interest.The United States, while still an attractive option, saw perceptions decline. Only half of respondents agreed that the US is safe and welcoming, a 24-point drop from Spring 2025. Recruiters cited policy shifts such as the downsizing of the Department of Education, revoked student visas, and a pause in visa interviews earlier this year. Yet, two-thirds of respondents said students continue to find the US attractive, showing the continued strength of its higher education sector.Canada showed signs of recovery, with 84% of recruiters describing it as safe and welcoming, a five-point rise since spring. Affordability and clear post-study work pathways remain Canada’s main advantages. Australia also maintained steady momentum, with 66% rating it attractive, while Germany followed at 60%. Ireland held at 50%, although perceptions of its welcoming environment fell slightly.Beyond these traditional destinations, students are increasingly exploring new options. New Zealand saw student interest nearly double since spring, reaching 21%. France also gained traction at 20%, supported by affordability and bilingual opportunities. Finland dropped in ranking following policy changes on tuition fees and scholarships starting 2026. Malta, Spain, the UAE, China, Japan, South Korea, and Malaysia also appeared as emerging destinations.Affordability was the top concern for students, with 91% of recruiters citing cost of study as the most important factor, followed by post-study work opportunities (88%) and cost of living (77%). Germany was ranked the most affordable, followed by Ireland and Canada.The survey indicates global student demand is stabilizing after a period of volatility. Nearly half of recruitment partners reported working with more students this fall compared to spring, and more than one-fifth noted a significant increase—the strongest growth since late 2023.The findings suggest that while the UK continues to dominate, the international education market is broadening. Canada’s rebound, the steady appeal of Australia and Germany, and the growing interest in countries like New Zealand and France signal an increasingly diverse landscape for students planning to study abroad.

Gold and silver rebounded from their lows in early trade on the MCX on Friday, with gold October futures contracts opening at Rs 1,09,365/10 grams, higher by Rs 313 or 0.29%, while the silver December futures contracts opened significantly higher by nearly 1% or Rs 1,200 at Rs 1,28,322/kg.This is opposed to the international market, where gold prices traded flat on Friday as the Federal Reserve's 25-basis-point rate cut and the outlook on further easing in the months ahead failed to meet the investors' dovish expectations, while markets awaited more cues into U.S. policy path.Spot gold was little changed at $3,646.23 per ounce as of 0311 GMT. The Fed resumed rate cuts on Wednesday and opened the door to further easing, but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future easing.Fed Chair Jerome Powell characterised the policy action as a risk-management cut in response to the weakening labour market and said the central bank was in a "meeting-by-meeting situation" regarding the rate outlook.Traders are pricing in a 92% chance of another 25-basis-points cut at the Fed's October meeting, per the CME Group's FedWatch tool.Lower rates reduce the opportunity cost of holding non-yielding bullion.On Thursday, gold and silver settled on a mixed note in the domestic market and on a slightly weaker note in the international markets. Gold October futures contract settled at Rs1,09,052 per 10 grams with a loss of 0.70% while silver December futures contract settled at Rs1,27,132 per kilogram with a gain of 0.12%.Gold and silver extended their fall in the international markets amid profit-taking after a strong rebound in the dollar index from the February 2022 low. The U.S. 10-year bond yields also sharply rebounded and crossed the 4.10% level once again.Today, the US Dollar Index, DXY, was hovering near the 97.42 mark, gaining 0.07 or 0.07%.Further, the Bank of England kept its policy rates unchanged on Thursday in its policy meeting at 4.0% and also limited gains of gold and silver.“The global equity markets gained after Fed rate cuts and eased safe-haven buying for precious metals. However, geopolitical tensions and central banks' buying could support gold and silver prices at lower levels,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.“We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and volatility in the global financial markets and gold are expected to trade in the range of $3,634-3,720 per troy ounce and silver is expected to trade in the range of $41.20-42.70 per troy in today’s session,” he added.How to trade gold?Manoj Kumar Jain suggested the following ranges for gold and silver on MCX:Gold has support at Rs 1,08,650-1,08,200 and resistance at Rs 1,09,400-1,09,850Silver has support at Rs 1,26,200-1,254,00 and resistance at Rs 1,28,000-1,28,850Jain suggests selling silver around Rs 1,27,500 with stop loss of Rs 1,28,200 for a target of Rs 1,26,000.Gold rates in physical marketsGold Price today in DelhiStandard gold (22 carat) prices in Delhi stand at Rs 58,088/8 grams while pure gold (24 carat) prices stand at Rs 62,008/8 grams.Gold Price today in MumbaiStandard gold (22 carat) prices in Mumbai stand at Rs 57,744/8 grams while pure gold (24 carat) prices stand at Rs 61,520/8 grams.Gold Price today in ChennaiStandard gold (22 carat) prices in Chennai stand at Rs 56,752/8 grams while pure gold (24 carat) prices stand at Rs 60,448/8 grams.Gold Price today in HyderabadStandard gold (22 carat) prices in Hyderabad stand at Rs 56,920/8 grams while pure gold (24 carat) prices stand at Rs 60,624/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Texmaco Rail & Engineering rallied as much as 4% to their day’s high of Rs 153 per share on Friday, September 19, after the company secured a fresh order from UltraTech Cement.The order, valued at Rs 86.85 crore, is for the supply of BCFC Wagons along with a Brake Van. The wagons are scheduled to be delivered by March 2026, adding to the company’s already healthy pipeline of orders.The development comes close on the heels of another major win. Just last week, Texmaco received a Letter of Acceptance from Rail Vikas Nigam Ltd (RVNL) for a project worth Rs 129.09 crore, inclusive of all taxes. The contract covers design, supply, erection, testing, and commissioning of 2.25 KV traction overhead equipment and related works at the Yavatmal-Digras section of the Nagpur division of Central Railways.Also read: Promoters and other insiders sell shares worth Rs 25,500 crore in 2025. Check top 5 namesIn addition, August saw the company bag another order from Leap Grain Rail Logistics, valued at Rs 103.16 crore. This order, for BCBFG wagons along with BVCM Brake Van, has a delivery timeline of 10 months. Together, these orders highlight the momentum Texmaco has been able to build in the wagon and engineering segment over the past few months.However, on the financial front, the company’s recent performance has been under pressure. For the June quarter, Texmaco reported a sharp 49.8% year-on-year drop in net profit to Rs 30 crore, compared with Rs 59.8 crore in the same period last year. Revenue fell 16.3% to Rs 910.6 crore from Rs 1,088.2 crore, while EBITDA declined 33.5% to Rs 71.2 crore from Rs 107 crore. Operating margins narrowed to 7.8% from 9.8% a year ago, reflecting cost pressures and a weaker operating environment.At about 10:40 am, shares of the company were trading at Rs 149.98, higher by 1.5% from the last close on the NSE. Texmaco Rail shares are down nearly 30% in the last 1 year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)