Adani Green Energy Solutions Share Price: Gautam Adani’s power transmission company Adani Green Energy Solutions can provide multibagger earnings to its shareholders investing in the stock in the new year. Ventura Capital has released its coverage report on Adani Green Energy Solutions. According to this report, the share of Adani Green Energy Solutions can go up to Rs 1675, which is currently trading at Rs 772.
Adani Green Energy Solutions will give bumper returns!
Brokerage house Ventura Capital said in its report, Adani Green Energy Solutions can show strong performance in the long term due to its strong fundamentals, better strategic decisions and excellent dynamics of this industry. In such a situation, Ventura Capital has advised to buy the stock of Adani Green Energy Solutions for a target of Rs 1675 in the next two years. That means, from the current level, the company’s stock can give a return of 117 percent to its investors.
Stock can give returns up to 150 percent!
The brokerage house has said in the report about the returns of Adani Green Energy Solutions in both bull and bear cases on the basis of company’s revenue growth, EBITDA margin and EV/EBITDA multiples. According to this note, in case of bull case i.e. strong growth of the company, the stock of Adani Green Energy Solutions can go up to Rs 1923 with a jump of 149 percent from the current level. According to Ventura Capital, the price target in bear case can be Rs 649. That means the stock may fall by 16 percent from the current level.
Stock is 82% below lifetime high
The stock of Adani Green Energy Solutions is currently trading at Rs 772. But it is trading 82 percent below its lifetime high. The stock had made a high of Rs 4236 on September 16, 2022. Even before the release of Hindenburg Research’s report against Adani Group on January 23, 2023, the stock was trading at Rs 2784. That means the stock is trading 72 percent below that level. After the release of Hindenburg Research’s report, all the stocks of Adani Group have recovered from the shock but the stock of Adani Green Energy Solutions is yet to recover. But if Ventura Capital’s report is to be believed, good days may be back for the stock and its investors.
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