Adani Green Energy: JM Financial Initiates Coverage with 'Buy' Rating, Sets Rs 1,289 Target

Overview

JM Financial has initiated coverage on Adani Green Energy with a 'Buy' rating and a target price of ₹1,289 per share, implying a 21% upside. The brokerage cited the company's scale, strategic positioning, operational excellence, financial outlook, and predictable revenue streams from long-term PPAs as key strengths. Adani Green Energy is recognized for its rapid capacity growth and development of the world's largest renewable energy park at Khavda.