Adani Power, Ports & Enterprises: Why Jefferies just raised their target prices on 3 Adani group stocks
Jefferies has raised target prices on Adani Power, Adani Ports and Adani Enterprises, maintaining ‘Buy ratings on strong operational performance, capacity expansions and improving realisations. Adani Ports saw EBITDA beat estimates, supported by higher domestic port realisations and upcoming capacity additions. The brokerage expects steady volume growth and strong EBITDA momentum across the Adani group.
Jefferies has raised target prices on Adani Power, Adani Ports and Adani Enterprises, maintaining ‘Buy ratings on strong operational performance, capacity expansions and improving realisations. Adani Ports saw EBITDA beat estimates, supported by higher domestic port realisations and upcoming capacity additions. The brokerage expects steady volume growth and strong EBITDA momentum across the Adani group.
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