Adani Energy Solutions shares jumped 2% to their day’s high of Rs 981.95 on the BSE in early trade on Friday after the company reported a 79% year-on-year (YoY) rise in consolidated net profit to Rs 647 crore for the March quarter, up from Rs 361 crore in the same period last year.
Its revenue from operations in the reporting period surged 35% year-on-year (YoY) to Rs 6,375 crore.
The company reported an EBITDA of Rs 2,250 crore in the January-March 2024 period, compared with Rs 1,566 crore clocked in the corresponding period of the previous year. Meanwhile, margins improved to 35.31%.
Segment-wise, revenue from the transmission business increased to Rs 2247 crore in the reporting quarter. The same stood at Rs 1647 crore a year ago.
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The distribution business clocked higher revenue growth at Rs 2,907 crore in the fourth quarter as against Rs 2,395 crore in the same quarter of last year.
Revenues from the trading segment more than doubled to Rs 378 crore from Rs 114 crore in the previous year quarter.
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Adani Energy Solutions shares price target
Trendlyne data shows an average target price of Rs 1,415, suggesting a 47% upside from current levels. Among four analysts, the consensus rating is 'Strong Buy'.
From a technical perspective, the stock’s Relative Strength Index (RSI) is at 73.8, indicating it is in overbought territory, which may lead to a short-term pullback. The Moving Average Convergence Divergence (MACD) stands at 35.4 and remains above its center and signal line — a bullish signal.
The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Adani Energy Solutions shares price performance
On Thursday, shares of Adani Energy Solutions closed 2.5% higher at Rs 962 on the BSE. The stock has gained 20% so far in 2025 but remains down 64% over the past three years. Its current market capitalisation stands at Rs 1,15,569 crore.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Its revenue from operations in the reporting period surged 35% year-on-year (YoY) to Rs 6,375 crore.
The company reported an EBITDA of Rs 2,250 crore in the January-March 2024 period, compared with Rs 1,566 crore clocked in the corresponding period of the previous year. Meanwhile, margins improved to 35.31%.
Segment-wise, revenue from the transmission business increased to Rs 2247 crore in the reporting quarter. The same stood at Rs 1647 crore a year ago.
Also Read: Bharti Airtel, BSE among 7 stocks that are near the buy point. Do you own any?
The distribution business clocked higher revenue growth at Rs 2,907 crore in the fourth quarter as against Rs 2,395 crore in the same quarter of last year.
Revenues from the trading segment more than doubled to Rs 378 crore from Rs 114 crore in the previous year quarter.
Also Read: Stocks in news: Maruti Suzuki, RIL, Tech Mahindra, Axis Bank, IndusInd Bank
Adani Energy Solutions shares price target
Trendlyne data shows an average target price of Rs 1,415, suggesting a 47% upside from current levels. Among four analysts, the consensus rating is 'Strong Buy'.
From a technical perspective, the stock’s Relative Strength Index (RSI) is at 73.8, indicating it is in overbought territory, which may lead to a short-term pullback. The Moving Average Convergence Divergence (MACD) stands at 35.4 and remains above its center and signal line — a bullish signal.
The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Adani Energy Solutions shares price performance
On Thursday, shares of Adani Energy Solutions closed 2.5% higher at Rs 962 on the BSE. The stock has gained 20% so far in 2025 but remains down 64% over the past three years. Its current market capitalisation stands at Rs 1,15,569 crore.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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