BusinessPhoto: Mint MarketsJefferies Sees 35% Upside in Adani Green Energy Shares
Adani Green Energy shares have risen 16% in the past six months and about 23% year-to-date. Despite recent market sell-offs, Jefferies India forecasts a further 35% increase, targeting a share price of ₹1,695. The stock currently trades around ₹1,260. Jefferies cites attractive valuation at 20x 1-year forward EBITDA and expects strong power demand driven by higher temperatures and industry growth to offset RBI rate hike concerns.
Mint Markets·



