Shares of Adani Enterprises may rise by 20%, the company’s new businesses will grow rapidly.

Jefferies reports: Global brokerage firm Jefferies has estimated that shares of Adani Enterprises could rise as much as 20 percent this year. Adani Group will benefit the most from its new business. These include sectors such as airports and green hydrogen. Adani Enterprises’ operating profit could double by fiscal 2026 and triple by fiscal 2028, Jefferies said. Jefferies had previously advised investing in Gautam Adani-led Adani Enterprises.

The stock may go up to Rs 3800.

Adani Group has all the potential to become an industry leader in green hydrogen, airport, data center, road and copper businesses, Jefferies said in its report. The stock’s 3-year return has been 342%. The company has given 85% profit in one year. The company’s stock has gained 43% in 3 months. Shares of the company had moved above the Rs 4,100 level before the trouble over the Hindenburg report. Jefferies recommends investing in the stock with a target of Rs 3800.

The stock continues to rise

The company’s stock closed up 0.3 percent at Rs 3,179 on Tuesday. On Wednesday it was trading at Rs 3196. The stock is expected to rise more than 19 percent.

New business will grow rapidly.

Advising the investment in Adani Enterprises, Jefferies had said that the company has grown many businesses. According to Jefferies, new businesses such as airports and green hydrogen will help the company grow faster in the future. Jefferies has issued an investment advice on the company’s stock.

There is still a lot of potential in the airport sector.

According to global brokerage firm Jefferies, Adani Enterprises has already spun off several businesses and spun them off as a new company through demerger. India still has a lot of potential in the green hydrogen and airport sectors. Adani Group currently operates 8 airports. Jeffries guesses. Adani Enterprise EBITDA may double in FY 2026 and triple in FY 2028 compared to FY 2023. Apart from this, the share of green energy in the company’s EBITDA will also continue to increase.

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