Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers
Jefferies rate stocks including Adani Green.
· Economic Times Markets, ET Stocks
Jefferies has maintained its ‘Buy’ rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stock’s 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.
The analysis
The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- Brokerage calls from Jefferies, with ratings on the stocks named. The stocks: Adani Green.
- The “35% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- Over three months: Adani Green -4.4% against Power -13.2% (8.8 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Adani GreenADANIGREEN · Power | ₹1,298.70 | -0.6% | +1.6% | -4.4% | -19.1% | 0.6× | — |
Power
1M -6.9% · 3M -13.2%
Adani Green
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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