Experts bullish, share expected to rise by 110%

Market experts are bullish on the shares of Gautam Adani Group company Adani Energy Solutions. However, on YTD (Year-to-Date) basis in the year 2024, this stock has fallen by almost 25% and has given zero returns. Despite this, Ventura Securities believes that this stock may see tremendous growth in the coming years.

What did the experts say?

According to Ventura Securities, Adani Energy Solutions share could go up to ₹1675 in the next two years. Experts say that due to the expansion of transmission infrastructure in India, there is a possibility of investment of ₹8.2 trillion in this sector, which will be a big opportunity for companies like Adani Energy Solutions.

Potential expansion in transmission capacity

According to Ventura Securities’ assessment:

• India’s transmission capacity may increase from 523 km/1208 GVA in FY 2024 to 828 km/2093 GVA by FY 2034.
• This expansion will help Adani Energy Solutions increase its market share.

Stock performance and future prospects

• Current Status: Shares of Adani Energy Solutions closed at ₹806.30 last Friday, showing an increase of 1.82% from the previous day.
• Future Estimates: Ventura Securities believes the stock could reach ₹1696 in the next 24 months, which represents an upside of over 110% from the current price.

Establishment of new subsidiary

Adani Energy Solutions has recently formed a new subsidiary for transmission, distribution, and power supply named Adani Energy Solutions Step-Eleven Limited (AESSEL).

• This new entity aims to expand power and infrastructure services.
• This step of the company is part of its strategy to further strengthen its influence in the market.

fund raising initiative

In August 2024, Adani Energy Solutions had raised ₹8,373 crore through qualified institutional placement (QIP).

• The share price was fixed at ₹976 per share.
• Raising funds through QIP is considered to be the fastest way to attract institutional investors, thereby providing the company with the necessary financial support for its expansion plans.