Are Adani Group Stocks Ready For Fresh Re-Rating? Adani Enterprise| Adani Wilmar| Adani Power Stocks

Brokerage firms are placing their bets on Adani Group stocks. The surge today comes as Citi maintained its 'buy' rating on the stock with a price target of ₹1,213. This price reflects an approximately 20% upside from the stock’s last closing price of ₹1,013.1. The global brokerage firm stated that the Adani Group company exhibits consistent execution and growth, solidifying its dominance in India’s port and logistics sector. The brokerage added that the valuation this year has been impacted by adverse news surrounding the Gautam Adani-led conglomerate. Despite the recent post-election rally, the analysts at Citi still believe that there is some upside left. According to the firm, the commencement of new projects and the robust performance of the logistics business contribute positively to the company’s outlook. Adani Group stocks include Adani Enterprises, Adani Wilmar, Adani Total Gas, Adani Ports, Adani Green Energy, ACC, and Ambuja. Listen to what Vinit Bojlinkar, Head Research, Ventura Securities views on Adani Stock.