Adani Green Stock Can Rally 75%, Khavda Renewable Energy Plant A Game-Changer: Jefferies

The "game-changer" for Adani Green is the Khavda plant in Gujarat. The Khavda renewable energy (RE) plant is spread over an area of 538 sq km, almost five times the city of Paris.

Riding on strong industry tailwinds and power demand growth, Adani Green Energy's stock can grow an impressive 75 per cent in a bull-case scenario given the capacity expansion target, according to Jefferies.

The global brokerage firm has set a target price of Rs 2,130 apiece, implying a potential upside of 17 per cent from the previous close.

In the morning trade on Monday, the share of Adani Green went up 1.5 per cent to 1,830 apiece.