I-Sec initiates coverage on Adani Green with a Buy call, target price Rs 1,150 Jobbery Stock Market update New

ICICI Securities has initiated coverage on Adani Green Energy with a ‘buy’ call, setting a target price of Rs 1,150, significantly higher than the current market price of Rs 881.95. This recommendation is based on India’s projected need for substantial renewable energy capacity additions to meet carbon emission goals, estimating roughly 48-50GW of renewables capacity per annum till FY32.