2 Adani Group Stocks To Buy For Attractive Returns As Recommended By Top Analysts

Leading analysts appear upbeat on 2 Adani Group stocks and recommended buy call. These 2 stocks are Adani Ports And Special Economic Zone Ltd and Adani Energy Solutions (AESL). ICICI Securities has recommended buy call to Adani Energy shares with target price of Rs 1318 per share while Jefferies appear confident on Adani Ports and issued buy call with target price of Rs 1910 share as management is upbeat on double digit volume growth. Adani Energy has emerged a vital player in smart meters and transmission, expecting significant EBITDA growth by FY27E. Check details below:

1. Buy Adani Energy Solutions: Last trading price of Adani Energy Solutions Ltd shares on BSE is Rs 963.45 per share with decline of 5.19% as on October 4, 2024. The 52-week high price of Adani Energy Solutions shares is Rs 1347.90 per share (1/08/2024) and 52-week low price is Rs 686.90 (as on 26/10/2023). Adani Energy Solutions Ltd has a market capitalisation of Rs 1,15,737.58 crore. Adani Energy Solutions Ltd shares declined 12% in last 6-months and surged 19% in last 1-year.

Adani Energy on October 4 informed it has incorporated a wholly owned subsidiary company "Adani Energy Solutions Global Ltd." as per Certificate of Incorporation received by the Company on 4th October, 2024 (12:40 PM IST).

According to ICICI Securities, "we recommend BUY on the stock while valuing the businesses on SoTP-basis with target price of ₹1,318 per share." The analyst feels that the EBITDA is likely to surge from Rs 58 billion in FY24 to Rs 132 billion in FY27E.

2. Buy Adani Ports And Special Economic Zone Ltd Shares: Leading analyst Jefferies issued buy call to Adani Ports shares with target price of Rs 1910 per share as the co retained its FY25 volume guidance with new port operations expected in H2. The brokerage estimate that firm's market share gains will continue with dedicated freight corridor commissioning at Mundra also helping. The 52-week high price of Adani Ports shares on BSE is Rs 1607.95 per share (as on 03/06/2024) and 52-week low price is Rs 754.50 per share (as on 26/10/2023), respectively.

Adani Ports has a market cap of Rs 3,05,238.43 crore. Adani Ports shares slipped 6% in last 3-months and rallied 71% in last 3-months. In last 5-years, Adani Ports shares zoomed 258%.

Disclaimer:

The stocks have been picked from the brokerage report of ICICI Securities and Jefferies. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.