Adani Energy Solutions shares jumped over 2% after Elara Capital initiated a “Buy” rating with a target price of ₹930, citing strong growth potential in the transmission sector and emerging opportunities in smart meters. The brokerage firm remains bullish on the company’s long-term prospects, driven by strategic expansions, operational efficiencies, and increasing power demand.
With transmission EBITDA expected to double to ₹7,600 crore by FY27, Adani Energy is poised for significant growth. The company’s focus on strengthening its power distribution network, particularly in Mundra Discom, is supported by rising infrastructure investments and surging electricity demand. Additionally, the adoption of smart meters is proving to be a game-changer, enhancing operational efficiency and unlocking new revenue streams.
Elara Capital anticipates an EBITDA CAGR of 26% and an EPS CAGR of 29% between FY24 and FY27, underscoring the company’s strong financial trajectory. The brokerage believes Adani Energy Solutions is well-positioned to capitalize on India’s evolving energy landscape, making it an attractive bet for long-term investors.
Adani Energy shares opened at ₹680.95, reaching a high of ₹694.90 and a low of ₹677.00. The stock remains significantly below its 52-week high of ₹1,348.00 but above its 52-week low of ₹588.00.
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