Adani Group Stocks: Buy, Sell, or Hold? Here’s what top brokerages recommend

Brokerages have shared their latest opinions on key Adani Group stocks, providing insights into their performance and growth potential. Here’s what Jefferies recommends:

Jefferies on Adani Green

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  • Rating: Maintain ‘Buy’
  • Target Price (TP): Cut to ₹1,300 from ₹2,000
  • Key Insights:
    • Capacity addition in 9MFY25 was lower than expected, leading to a reduction in FY25-27 capacity estimates by 4-6 GW and EBITDA estimates by 4-23%.
    • Despite these adjustments, the long-term growth story remains intact.
    • Adani Green continues to trade at a premium to JSW Energy, reflecting strong market confidence.

Jefferies on Adani Ports

  • Rating: Maintain ‘Buy’
  • Target Price (TP): Cut to ₹1,440 from ₹1,855
  • Key Insights:
    • Q3 volume growth of 3% and 9MFY25 growth of 7% year-on-year (YoY) were lower than Jefferies’ FY25 estimate of 12%.
    • Weak industry growth was partially offset by market share gains, which Jefferies expects to increase to 30%+ by FY27 from the current 27%.
    • FY25-27 volume estimates have been reduced by 3% to reflect the slower growth trajectory.

Jefferies on Adani Enterprises

  • Rating: Maintain ‘Buy’
  • Target Price (TP): ₹3,800
  • Key Insights:
    • Asset monetization plans are expected to improve cash flows, with Adani Enterprises aiming to raise $2 billion from the sale of its food and FMCG businesses.
    • The company is close to commissioning the Navi Mumbai International Airport, which is a key milestone.
    • Capex plans include doubling cell and module capacity, reinforcing its long-term growth prospects.

Jefferies remains bullish on Adani Green, Adani Ports, and Adani Enterprises, despite reducing target prices for Green and Ports. Long-term growth narratives and strategic initiatives across the group indicate strong potential for investors willing to navigate short-term challenges.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult their financial advisor before making any investment decisions.