ICICI Securities lifts Adani Green target 25% after Q1 EBITDA rises 30%
ICICI Securities retained its Add rating on Adani Green Energy, raising its target price to ₹1,650 as June-quarter revenue and EBITDA each grew 30% year-on-year, supported by 4.4 GW of capacity additions and battery-storage commissioning.
ICICI Securities retained its Add rating on Adani Green Energy and raised its target price 25% after Q1 revenue and EBITDA each rose 30% year-on-year, supported by 4.4 GW capacity additions and recent BESS commissioning.
Why this matters
The target increase follows Adani Green's recent Q1 updates reporting 19%-20% profit growth, renewable operating capacity above 20 GW, and battery-storage expansion.
Retail-company signals are accelerating, up 1,036,600% QoQ.