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Adani Enterprises shares get buy call from Ventura; 43% upside expected as fundraise eases balance sheet pressure

Ventura Securities has initiated a bullish call on Adani Enterprises with a Buy rating and a SOTP-based target price of 3,433 implying 43% upside. The brokerage believes the companys 25,000 crore fundraise is well-timed to support its capital-intensive growth areas such as airports, green hydrogen, and copper, reinforcing AELs role as the Adani Groups incubator for future businesses.