Jefferies predicts Adani Green Energy's shares could rise 75% in a bull-case scenario, targeting a price of Rs 2,130 per share by 2030.
Global brokerage Jefferies predicts Adani Green Energy's shares could rise 75% in a bull-case scenario, due to strong industry tailwinds, power demand growth, and Adani's target capacity expansion of 50GW by 2030. Jefferies sets a target price of Rs 2,130 per share, implying a potential upside of 17% from the previous close. The Khavda plant in Gujarat is seen as a game-changer, set to contribute majorly to Adani's planned 6GW capacity by FY25.
July 29, 2024
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