Morgan Stanley initiates Adani Enterprises 'Overweight', sees Ebitda tripling to Rs 42,300 cr by FY30
Morgan Stanley starts coverage on Adani Enterprises with Overweight and Rs 3,638 target, projecting 32% Ebitda CAGR FY26-FY30 — from Rs 14,000 cr to Rs 42,300 cr. Airports lead with 145M passengers by FY30 (29% Ebitda CAGR), alongside a 2GW data centre build-out, new energy and manufacturing scale.
Morgan Stanley initiates Adani Enterprises with Overweight, target Rs 3,638, projecting Ebitda to triple to Rs 42,300 cr by FY30, driven by airports (145M pax), data centres, new energy and manufacturing scale-up across India.