2 weeks ago

Bernstein upbeat on Adani Ports, Power; cuts Adani Green target

Bernstein upbeat on Adani Ports, Power; cuts Adani Green target
Adani Ports, Adani Power remain top picks for Bernstein as Adani Group emerges stronger from recent challenges · thehansindia.com

Some very smart money experts at a company called Bernstein study big companies to guess whether their shares will go up or down.

They looked at three companies from the Adani Group in India.

The experts said two of these companies, Adani Ports and Adani Power, are doing really well.

They believe these companies will keep growing and earning lots of money.

So they told investors to buy shares of these two companies.

They even said Adani Ports is one of the best companies to buy right now.

But the experts were not as happy with the third company, Adani Green Energy.

They said its shares are too expensive compared to what it earns.

So they told people to be careful with that one.

Overall, the experts think the Adani Group has become stronger after going through some hard times.

Key facts

Adani Ports rating
Outperform, target Rs 1,973 (raised from Rs 1,880)
Adani Power rating
Outperform, target Rs 220 vs current price Rs 203.56
Adani Green Energy rating
Underperform, target Rs 980 (cut from Rs 1,000)
Adani Ports FY27 volume growth
Raised to 12% from 10%
Adani Ports EV/EBITDA multiple
Raised to 16.5x from 16x
Adani Power EBITDA estimates
Rs 2,41,272 million (2027); Rs 3,02,594 million (2028)
Adani Green FY27 EBITDA outlook
Expected to decline 10%
Adani Green WACC estimate
Changed to 8.6% from 8.8% due to debt-equity mix

Sources

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