New Delhi: Stock Market expert Ashish Bahety recommended buying shares of Adani Enterprises and Adani Energy Solutions. The expert advised the shareholders to hold on the two Adani Group stocks as they have the potential to give good returns in the near future. Adani family holds 72.61 per cent in Adani Enterprises Ltd and 73.22 per cent in Adani Energy Solutions Ltd.
Buy Adani Enterprises share
Advising stock market enthusiasts to buy Adani Enterprises shares at current price, Bahety said that the stock has the potential to rally in future and shareholders could set target price of Rs 3,400 and Rs 3,500. He recommended that the Stop Loss should be maintained at Rs 3,150. Adani Enterprises shares closed at Rs 3,239 on NSE on May 29, 2024.
Adani Energy Solutions share price target
The stock market expert recommended buying Adani Energy Solutions shares at the current price. Bahety said the stock could appreciate around Rs 100-120. He asked the shareholders to set the target price at Rs 1,140 and Rs 1,170 and maintain the Stop Loss at Rs 1,050. Adani Energy Solutions shares closed at Rs 1,085.90 on NSE on 29th May.
Adani Enterprises on May 29, 2024 confirmed that its board has approved raising up to Rs 16,600 crore (about USD 2 billion) through share sale. Notably, Adani Energy Solutions Ltd on 28th May received the board’s nod for raising up to Rs 12,500 crore via qualified institutional placement (QIP) or through any other permissible modes. Both the companies will no seek approvals including from shareholders.
Adani Enterprises will be holding a shareholder meeting on June 24, Adani Energy Solutions Ltd’s annual general meeting (AGM) is scheduled for 25th June.
Adani Group stocks were hit hard by Hindenburg Research report in early 2023. The stocks went down to their lowest point took a beating of about USD 150 billion in market value. However, since then the shares have witnessed good momentum. Gautam Adani’s net worth has surged USD 25 billion this year to go past USD 109 billion.
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Stock Market expert Ashish Bahety suggested that share prices of Adani Enterprises and Adani Energy Solutions have the potential to go north and recommended the investors to buy at current levels. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
