Jefferies keeps Buy on Adani Green, sees 35% upside
In short
Jefferies kept its Buy rating on Adani Green Energy and set a target price of Rs 1,695. That implies 35% upside from the recent close of Rs 1,255. The report also says the stock has fallen 22% from its peak.
This matters because the broker sees value in the shares and points to rising power demand, better use at Khavda and battery storage growth. It is still unclear how fast those positives will show up in earnings.
What the reporting says
Jefferies maintained its Buy rating on Adani Green Energy and set a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage cited the stock’s 22% correction from its peak, attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage. The immediate market signal is supportive, though future execution and demand trends remain the main uncertainties.
Why it matters
Jefferies maintained a Buy rating on Adani Green Energy and set a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage pointed to a 22% pullback from the peak, attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage. The note is supportive for the stock, but the reporting does not quantify near-term earnings impact or project execution timing.