Shares of the Adani group were buzzing on the bourses as they soared up in an otherwise range-bound market last week. Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas were up by somewhere between 3% to 8% each. Adani Enterprises and Adani Ports and Special Economic Zone were up by 1%. However, Adani Wilmar was down by 2%.
The group’s diverse businesses include port management, generation and transmission of electricity, renewable energy, edible oils, airport operations, natural gas, food processing, infrastructure and more.
Its listed companies in India include Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas, Adani Power and Adani Wilmar. Analysts have given short-term as well as long-term targets for some of its listed companies.
Adani Green Energy Limited
Adani Green Energy had gone up by 4% on 18th February 2022, to ₹2128.90 on the BSE in intraday trade after the government unveiled the first part of the much-awaited National Hydrogen Policy. Analysts at 5paisa.com gave target 1 at ₹ 2100 and target 2 at ₹ 2165, with a stop loss of 1997 on 18th February 2022. The share is currently trading at ₹1988.
Adani Total Gas Ltd
Analysts at ICICI Direct have given a target price of ₹1775 and has asked Investors to hold the share as per a research report dated 06th February 2022. The share is trading at ₹1598.30 currently.
Adani Power Limited
Ravi Singhal of GCL Securities on 17th February 2022 said, “The stock is expected to go up to ₹175 by the end of March 2022.” He advised positional investors to buy the stock and hold it till the end of this financial year. The share is currently trading at ₹125.95.
Adani Wilmar Limited
The shares of Adani Wilmar froze at 10% upper circuit today after they fell 25% from a record high of ₹419.90 on February 11th 2022.
Ravi Singh, Vice President and Head of Research ShareIndia, said, “Adani Wilmar is attractive for long term investment so buy on dips is recommended for the target of Rs 350-380 in medium term.”
Ravi Singhal, Vice-Chairman, GCL Securities advised investors to buy with a target price of ₹377 in one month. The share is currently trading at ₹345.70.
