The Economic Times

Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers

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 stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.