1 / 7The Adani group flagship is India's 10th most valued company. Adani Enterprises shares have been riding on the back of strong earnings and a solid capex plan. The stock made it to the benchmark Nifty50 basket on September 30, 2022.
2 / 7Adani Power has delivered one of the best post-COVID returns to investors on Dalal Street, making it to the country's 50 most valued companies.
3 / 7The conglomerate completed the acquisition of Ambuja Cements and its subsidiary ACC from Switzerland’s Holcim Group for $6.4 billion in September. Analysts are positive on Ambuja on its growth prospects on the back of its strong brand with a pan-India presence, cost efficiency and robust balance sheet.
ICICI Direct expects healthy revenue growth for Ambuja Cements in till March 2023 despite a high base citing its aggressive expansion strategy and focus on cost efficiency.
The brokerage has a target price of Rs 610 for the stock — implying an upside potential of eight percent.
4 / 7The stock of edible oil maker Adani Wilmar — a joint venture between the Adani group and Singapore's Wilmar International — made it to the premium zone compared with its issue price after a muted listing in February.
5 / 7Market expert Prakash Diwan is of the view that the ports business is going to take the group to a new scale structurally. "Adani Enterprises can get a bit misleading and confusing, so I wouldn’t really bet on that... But (Adani) Ports on dips is definitely something that you could continue to add to the portfolio," he told CNBC-TV18.
6 / 7Adani Green Energy is one of the largest renewable energy firms in the country with a rapidly expanding capacity. The group aims to take its installed capacity to 45 GW by 2030.
7 / 7Ventura Securities suggests holding Adani Transmission shares for the long term. Though the brokerage is constructively positive on the sector outlook, it plans to initiate a ‘buy’ call o it at a more attractive price. Ventura sees Adani Transmision's acquisition-led growth strategy as an upside risk to its estimates.
