Buy Multibagger Stock Now: Adani Energy Solutions share price Has been in base-building mode all year. In YTD time, this Adani Group stock has given zero returns by registering a decline of almost 25 per cent. However, Ventura Securities believes that Adani Energy Solutions’ share price is out of base-building mode, and Adani Group’s stock is poised for a sharp rally. Adani Energy Solutions share price may touch Rs. 1675 each in the next two years.
Adani Energy Solutions share price outlook
Shedding light on the triggers that fuel Adani Energy Solutions’ stake Price, the Ventura Securities report says, “India’s transmission capacity is expected to grow from 523 km/1208 GVA in FY24 to 828 km/2093 GVA by FY34, doubling the government’s generation capacity to 900 GW. This expansion involves an investment of Rs. $8.2 trillion in transmission infrastructure over the next decade 2.3 trillion through private TBCB projects. AESL, which commands ~30% of the private TBCB market, is well positioned to take advantage of these developments. Additionally, the government’s decision to allow private companies to acquire urban power distribution licenses presents new opportunities for AESL.”
“To finance its business expansion, AESL raised funds 8,373 crore through QIP in August 2024 Rs 976 per share – Adani Group’s first capital raise since the Hindenburg affair – is attracting strong interest from global and domestic investors. In FY24-27E, AESL’s revenue, EBITDA and net profit are expected to grow at a CAGR of 19.8%, 31.0% and 50.6%, respectively, reaching 28,544 crores, 12,843 crores, and 3,881 crore respectively. EBITDA and net margin are estimated to grow by 1060 bps to 45% and 675 bps to 13.6%, the brokerage said.
Adani Energy Solutions share price target
on the suggestion of stock market Ventura Securities’ report for investors on Adani Energy Solutions shares said, “AESL’s strong fundamentals, strategic initiatives and favorable industry dynamics confirm its long-term growth story. We recommend buying with a DCF-based price target 1,696 (19.6X FY27 EV/EBITDA). At a CMP of INR 772 (11.2X FY27 EV/EBITDA), the stock shows an upside of over 110% in 24 months.
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