Adani Green Share Price Soars: Experts Predict 50% Increase
Investors are witnessing a tremendous surge in Adani Green Energy Limited’s share price, which experts believe has the potential to make investors wealthy. Formerly known as Adani Energy Solutions Limited, Adani Green was previously Adani Transmission.
According to Venture Securities Firm, Adani Green Energy Limited’s shares could increase by 50% in the coming months. The stock closed at Rs 1,010 with a 3.43% drop on Monday, March 18, 2024. On Tuesday, March 19, 2024, the share was trading at Rs 1,881, up by 0.59%.
Experts recommend investors to buy Adani Green Energy Limited shares at a target price of Rs 1,600, which is 50% higher than the current price. Brokerage firms believe that there could be more growth in India’s power transmission and distribution sector.
Adani Green Energy Limited, an Indian leader, manages 20,422 circuit kilometers of transmission lines and a 54,600 MVA power transformation capacity.
The Adani Group plans to invest $14 billion in the electricity transmission sector in the financial year 2024-25. Starting April 1, 2024, the Adani Group plans to invest Rs 1.2 trillion in ports, energy, airports, commodities, cement, and media sectors.
Over the next 7-10 years, the Adani Group has doubled its investment to $200 billion to expand its business.
Get ready to invest in Adani Green Energy Limited and reap the benefits of this potential growth!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.