India's Adani Energy rises on bullish analyst views despite lower profit

Adani Energy Solutions

29/10/2025 08:44

** India's Adani Energy Solutions' shares ADAI.NS rise 5.6% to 972.30 rupees, highest since May 5

** Co's qtrly consol net profit drops 21% on higher tax expense and changes in regulatory adjustment benefits; quarterly revenue up 6.7% yoy

** Elara Capital ("Buy", raises PT to 1,169 rupees) says co is poised for robust growth across transmission, distribution, and smart meters

** ICICI Securities ("Buy", PT: 1,127 rupees) expects EBITDA to increase to 127 billion rupees in FY27 on new transmission project commissioning, incremental smart meter installations and capex in distribution areas, leading to increase in regulated equity

**Stock rated as "Strong Buy" with median PT at 1,127 rupees as per data compiled by LSEG

**YTD, stock up 21.11%

 (Reporting by Mridula Kumar)

 ((Mridula.Kumar@thomsonreuters.com;))