India's Adani Enterprises rises as Jefferies projects broad-based FY27 ramp-up

Adani Enterprises

16/04/2026 05:42

** Shares of Adani Enterprises ADEL.NS rise 1.64% to 2,179.50 rupees

** Jefferies says Adani's flagship company set for a broad-based ramp-up across businesses in FY27, despite near-term softness in airport traffic and a delay in the Navi Mumbai airport operation ramp-up

** Expects non-aero revenue and airport monetisation to support growth, with consolidated EBITDA seen rising about 37% y/y

** Brokerage maintains "buy" rating, flagging valuation upside as cash flows improve and capital expenditure moderates but cuts PT to 2,600 rupees from 2,750 rupees

** Kutch Copper in Gujarat has begun a gradual ramp-up amid weak near-term margins, with profitability expected to improve from FY27 as feedstock availability and utilisation rise

** Road projects and mining are also expected to contribute in a phased manner in the next 3-4 years

** YTD, ADEL stock down 3.4%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))