Jefferies maintains a 'buy' rating on Adani Energy, expecting a 67% stock increase with new projects.

Global brokerage Jefferies maintains its 'buy' rating on Adani Energy Solutions, predicting a 67% upside for the stock with a target price of Rs 1,300. The company added 225 km to its transmission network, bringing the total to 26,485 km, and won two new projects in Rajasthan. Jefferies projects a 16% revenue CAGR and a 62% profit after tax CAGR from FY24-27E, driven by growth in transmission and distribution.

2 months ago
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