Adani Enterprises Shares Surge Nearly 5%; Bullish Outlook Predicted

Shares of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, saw a nearly 5% surge in early trading on Monday.

By 11:06 AM, the stock price rose by 4.97% to Rs 2,529 per share on the Bombay Stock Exchange (BSE), reflecting investor confidence.

The company’s market capitalization reached Rs 2,88,776.02 crore.

The 52-week high for AEL was Rs 3,743 per share, with the lowest price at Rs 2,030 per share.

The stock has recently broken through two key resistance levels, first surpassing Rs 2,444.93 and then crossing Rs 2,473.37.

Meanwhile, Adani Ports also continued to show strength, maintaining its place among the top gainers on the Sensex. By 10:00 AM, Adani Ports was trading at Rs 1,239.75, up 0.74%.

This upward movement in AEL’s share price is being viewed as a strong bullish signal.

Leading brokerage Ventura Securities has however set a target price of Rs 3,801 for the stock over the next two years.

In a bullish scenario, the target price could rise to Rs 5,748, representing a potential upside of 138.6%.

Ventura’s analysis highlights that Adani Enterprises is on a strong growth trajectory, with expected consolidated revenue of Rs 1.56 lakh crore by FY 2027, growing at a compound annual growth rate (CAGR) of 17.5%.

The company’s expanding businesses in airports, solar, wind energy, and copper, along with contributions from new ventures in green hydrogen, are likely to fuel the growth.

The company is targeting a capital expenditure of Rs 6.5-7 lakh crore over the next decade, with a focus on key sectors such as airports, data centers, copper, and green energy, according to Ventura.

Also Read: Ventura Securities Sets Bullish Target For Adani Enterprises Stock