3 Adani Group Stocks To Buy For 130.4% Likely Returns: Top Brokerages Upbeat

Renowned analysts have picked 3 Adani Group stocks to buy that can offer attractive returns to investors. These stocks are Adani Ports and Special Economic Zone Ltd (APSEZ), Adani Green Energy (AGEL), and Adani Energy Solutions (AESL). Some of these stocks issued acquisition updates too. If you buy these stocks now, you can fetch likely return of 130%. Check details below:

1. Buy Adani Energy Solutions Shares (AESL): Current market price of Adani Energy Solutions shares on BSE is Rs 977.00 per share. global brokerage Cantor Fitzgerald is upbeat on Adani Energy shares and said, "With an enterprise value of $18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India. First, we believe AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia."

The analyst added, "We expect its transmission business will see strong growth as it completes the nine projects it has recently been awarded over the next 18-24 months."

The analyst has recommended "overweight call" with a target price of Rs 2251 per share. If you buy Adani Energy Solutions shares at current market price of Rs 977.00 per share, you can get likely gain of 130.4% as suggested by the analyst. Adani Energy emerged a vital player in smart meters and transmission, expecting significant EBITDA growth by FY27E. Adani Energy on October 4 informed it has incorporated a wholly owned subsidiary company "Adani Energy Solutions Global Ltd." as per Certificate of Incorporation received by the Company on 4th October, 2024 (12:40 PM IST).

The 52-week high price of Adani Energy Solutions shares on BSE is Rs 1347.90 per share and 52-week low price is Rs 686.90 per share. Its market cap stood at Rs 1,17,365.31 crore. Adani Energy Solutions shares offered over 1% in last 1-week, dived 7% in 2024, and soared 22% in last 1-year.

2. Buy Adani Ports And Special Economic Zone Ltd Shares (APSEZ) Shares: Adani Ports and Special Economic Zone Ltd (APSEZ) completed acquisition of a 95% stake in Gopalpur Port Limited (GPL), as per its BSE filing. In Gopalpur Ports, Shapoorji Pallonji Group or SP Group company SP Port Maintenance has 56% stake and Orissa Stevedores Ltd (OSL) has 44% stake.

APSEZ reportedly entered into definitive agreements to acquire the entire 56% shareholding of the SP Group and a 39% stake from OSL. Meanwhile, OSL will reportedly continue as a joint venture partner with a 5% stake, added the exchange filing.

Motilal Oswal has recommended buy call to Adani Ports And Special Economic Zone shares with target price of Rs 1850 per share. Adani Port is likely to outpace India's overall growth, pushed by a balanced port mix along India's western and eastern coastlines and a diversified cargo mix. Adani Ports continues to invest heavily in the port and logistics business to drive growth, said MOFSL.

Current market price of Adani Ports And Special Economic Zone shares on BSE is Rs 1407.60 per share. Adani Ports And Special Economic Zone's 52-week high price is Rs 1607.95 per share and 52-week low price is Rs 754.50 per share. Its market cap is Rs 3,04,061.16 crore. Adani Ports And Special Economic Zone shares offered return of 34% ytd and gained 73% in last 1-year.

Meanwhile, Jefferies too gave buy call to Adani Ports shares with target price of Rs 1910 per share as the co retained its FY25 volume guidance with new port operations expected in H2.

Buy Adani Green Energy Shares (AGEL): Brokerage firm Investec issued buy call to Adani Green Energy shares with target price of Rs 2515 per share. As per the analyst, Adani Green's growth will be backed by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan where it has access to large resource rich land banks along with evacuation facilities. It will increase the total production capacity to 50+GW by FY30.

Current market price of Adani Green Energy shares on BSE is Rs 1792.05 per share. The 52-week high price of Adani Green Energy shares on BSE is Rs 2173.65 per share and 52-week low price is Rs 816.00 per share, respectively. The company's market cap stood at Rs 2,83,866.54 crore. Adani Green Energy shares slipped over 9% in last 2-weeks and gained 86% in last 1-year.

Disclaimer: The stocks have been picked from the brokerage report of Jefferies, Motilal Oswal, Investec, and Cantor Fitzgerald. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.