Emkay Global gives Adani Green Energy ‘buy’ rating, target price of Rs 2,550 per share ...Middle East

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Emkay Global gives Adani Green Energy ‘buy’ rating, target price of Rs 2,550 per share
Mumbai:  Adani Green Energy Ltd (AGEL) has shown remarkable growth with its operational renewable energy (RE) capacity expanding at a 41 per cent CAGR over the past five years, brokerage firm Emkay Global said on Monday, initiating coverage on the company with a ‘buy’ recommendation and a target price of Rs 2,550 per share — over 50 per cent upside from current levels. The Adani Group firm is expected to achieve a robust growth trajectory, supported by its strategic asset base and significant potential in the renewable energy sector, according to the brokerage firm. Adani Green has well-secured sites for solar-wind development in excess of 50GW in Gujarat and Rajasthan and a further 5GW+ fo

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