Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers
Adani Green set out an expansion in an energy transition development.
· Economic Times Markets, ET Stocks
Jefferies has maintained its ‘Buy’ rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stock’s 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.
The analysis
Adani Green reported Rs 1,695, and Rs 1,255, with movement of 35% and 22% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.4% on the day at ₹1,274.00, and has returned -17.2% over three months. It sits 21% below its 52-week high. The power sector has moved -14.4% over the same period, so Adani Green is running 2.8 points behind its peers.
For Adani Green, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The company directly in focus is ADANIGREEN.
- Sector exposure: Power.
- The immediate tone of coverage reads positive.
In this story
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