Jefferies sets ₹2,060 AESL target, implying 46% upside
Jefferies has a Buy call on Adani Energy Solutions, citing a 25-year Maharashtra power-supply agreement, stronger merchant prices and rising contracted trading volumes. It also set targets of ₹1,328 for Adani Green Energy and ₹215 for Adani Power.
What happened
Adani Energy Solutions Ltd · Jefferies initiated/maintained Buy calls on Adani Energy Solutions, Adani Green Energy and Adani Power. It sees AESL benefiting
Key facts
- Buy rating
- Rs 2,060 12-month target for AESL
- 46% implied upside from Rs 1,407.50
- 2.5 GW RTC supply agreement for 25 years
- 57% tied-up trading volumes in FY28E versus 20% at Q1 FY27 end
- Q2 FY27 merchant prices up 48% YoY and 14% QoQ to Rs 5.8 per unit
- Rs 7.5 per unit peak in first week of September 2026
- Rs 1,328 target for AGEL
- Rs 215 target for Adani Power
Why this matters
The AESL thesis underscores the strategic value of securing long-duration power contracts and scaling contracted trading volumes to enhance infrastructure-led growth.