Macquarie sees 40% upside in Adani Green stock, gives 'Outperform' rating

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Macquarie sees 40% upside in Adani Green stock, gives 'Outperform' rating - Business Standard

Quick Summary:

India's overall power demand could rise at a 6.0-8.5 per cent CAGR in fiscal 2025-30E, assuming 1.2 times GDP growth.

Incrementally higher demand from cooling appliances, data centres capacity expansion, higher EV penetration and higher green hydrogen production are factors that might aid this growth, the report said.

In a bull-case scenario, Gautam Adani's green arm achieves its target of 50 Gw, resulting in a 40 per cent CAGR in revenue and Ebitda.