Adani Green Energy at Rs 800? Bernstein shares stock price targets for Ambuja, Adani Ports
Adani stocks: Foreign brokerage Bernstein in its latest note suggested an ‘Underperform’ rating on Adani Green Energy, ‘Outperform’ recommendation for Adani Ports & Special Economic Zone Ltd and ‘Market-Perform’ on Ambuja Cements. The brokerage said it has not changed its ratings post the US SEC event as it awaits further clarity on developments in India related to it.
“Within our coverage Adani Ports continues to trade below JSW Infra and Concor, Adani Green which doesn’t have a close peer is in line with private sector peers such as JSW Energy and Tata Power, and Ambuja Cements also trades broadly in line with large cement names,” Bernstein said.
The brokerage suggested a target price of Rs 800 for Adani Green Energy, Rs 1,616 for…
