Adani flagship stock could potentially return over 50%, according to Cantor Fitzgerald.

Cantor Fitzgerald & Co. has recommended Adani Enterprises Ltd., the flagship company of the Adani Group, for a gain of over 50%, citing its central role in India's economic ambitions. The firm's target price is 4,368 rupees, indicating a 51% upside. The recommendation will bolster sentiment on Adani, which has seen its combined stock market value double to $185 billion.

January 29, 2024
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