JM Financial sees Adani Green Energy share price rising 19% as it initiates coverage with a ‘buy’ rating
Adani Green Energy received a bullish outlook from domestic brokerage firm JM Financial, which initiated coverage on the stock with a target price of ₹1,289 apiece, indicating an upside of 19% from the previous close of 1,088.
JM Financial highlighted the company’s strong execution track record and group-level synergies, adding that it expects Adani Green to achieve its ambition of reaching 50 GW of capacity by FY30.
