Adani Green shares jump 2% on strong Q1; Jefferies sees 17% upside
Jefferies has initiated coverage on AGEL with a ‘Buy’ call and a target price of ₹2,130, an upside potential of 17% from the current market price
Jefferies has initiated coverage on AGEL with a ‘Buy’ call and a target price of ₹2,130, an upside potential of 17% from the current market price
The Nifty MidCap 100 Index trades at 30.7x one-year forward earnings as compared to 19.7x for the Nifty
Adani Group focused on containing debt, and reducing founders share pledges in FY24, Jefferies says
Jefferies initiates its coverage on recently listed stock, with a target price of ₹1,080, nearly 25.4% upside last closing price
US-based global brokerage says capex cycle theme drives several of its top picks; other factors include govt mfg push, SOE reforms, penetration stories, financialisation of savings, consumer ideas
Jefferies' top PSU picks are SBI, Coal India and NTPC, while BSE PSU Index PE at 12.1 times is a 40% discount to Nifty 50
Jefferies says Adani Enterprises presents an “attractive play on Capex cycle theme”, and has built industry-leading businesses
The Mamaearth stock hits an intra-day high of ₹487, its all-time high so far and up 13.2% against the previous session close
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
On a year-to-date basis, Zomato has gained 75%.