What’s inside:
This article shares updates on Adani Green Energy’s share performance, quarterly results, and brokerage predictions for future growth.
Adani Green Energy Limited, a part of the Gautam Adani Group, has seen some slowdown in its shares recently. Currently, the share price stands at ₹1,060, while the highest it has reached in the past year is ₹1,731.95 and the lowest is ₹758.
Despite this slowdown, brokerage firms are optimistic about a potential rise of up to 40% in the stock. Analysts highlight the company’s solid financial status, better performance, and ambitious growth plans as key reasons for their positive outlook. One brokerage has set a target price of ₹1,500 for the shares.
For investors, this means that there could be good opportunities ahead. Adani Green is seen as a leader in the renewable energy sector, with a capacity of 16.6 GW and plans to expand further. Revenue growth is expected to be strong, with estimates suggesting a 16.2% annual growth rate between FY25 and FY27.
In its latest quarterly results, Adani Green reported a net profit of ₹644 crore for the September quarter, a 28% increase from the previous year. Revenue from power supply rose to ₹2,776 crore, up from ₹2,308 crore last year. However, total income showed a slight decline during the same period.
Looking ahead, investors can expect continued growth and development plans from Adani Green. The company aims to reach a target of 30 GW by FY30, which suggests a strong future for its shares.
Summary:
- Adani Green Energy shares currently priced at ₹1,060.
- Brokerages predict a potential rise of 40% in share value.
- Company’s quarterly net profit increased by 28% year-on-year.
- Revenue from power supply rose to ₹2,776 crore.
- Adani Green aims for a target of 30 GW by FY30.
