18 Nov 2025 | 5 Mins Read
JM Financial upgrades Adani Green Energy to 'buy'
Flipitmoney
JM Financial initiated coverage of Adani Green with a ₹1,289 target price, indicating a 19% upside. The brokerage highlights the company's strong execution track record, group-level synergies, and 50 GW capacity goal by FY30. JM Financial cited 14 GW capacity addition in 10 years, 25-year PPAs securing 81% of operational portfolio, and strong financial performance with 30% revenue CAGR in FY25.