Adani Energy Solutions received a ‘Buy’ rating from Elara Securities with a target price of ₹930, implying a 37% upside. The brokerage expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow 26% annually and earnings per share (EPS) to rise 29% by FY27. Key growth drivers include India’s renewable energy expansion, rising transmission projects, and smart meter dominance with an 85% EBITDA margin.
Adani Energy: Experts Sees 37% Upside, Targets ₹930
