Buy Adani Energy Solutions, target price Rs 1,318: ICICI Securities
ICICI Securities has buy call on Adani Energy Solutions with a target price of Rs 1,318. The current market price of Adani Energy Solutions is Rs 1010.2. Adani Energy Solutions Ltd., incorporated in the year 2013, is a Large Cap company (having a market cap of Rs 121227.44 Crore) operating in Power sector.
Adani Energy Solutions key Products/Revenue Segments include Traded Goods, Sale of services and Income From Construction Work for the year ending 31-Mar-2024.
Financials
For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 5489.97 Crore, up 13.07 % from last quarter Total Income of Rs 4855.18 Crore and up 45.54 % from last year same quarter Total Income of Rs 3772.25 Crore. Company has reported net profit after tax of Rs -1190.66 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 74.94% stake in the company as of 30-Jun-2024, while FIIs owned 15.53%, DIIs 3.97%.
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