Shares of major Adani Group companies—Adani Power Ltd, Adani Enterprises Ltd, and Adani Ports Ltd—have demonstrated a robust recovery, rising significantly from their 52-week low points. This surge has prompted several leading brokerage firms to revise their price targets upwards, signaling renewed confidence in the conglomerate's listed entities.
Adani Power Leads the Rally
Adani Power has been the standout performer among the three, rocketing 70.41% from its 52-week low of Rs 120.36, recorded on September 5, 2025. The stock hit a 52-week high of Rs 254.15 on May 29, 2026, and has gained 47% in the past six months and 68% over the last year. Long-term performance shows an impressive 186% increase over three years and a staggering 1000% rise over five years.
On September 8, 2026, Adani Power shares traded at Rs 205.15, pushing the company's market capitalization to Rs 3.95 lakh crore. Several brokerages maintain a bullish outlook:
- Motilal Oswal: 'Buy' call with a target price of Rs 250, valuing the company at 16 times FY29E EBITDA.
- ICICI Securities: 'Add' call with a target of Rs 233.
- IIFL: 'Buy' rating with a target of Rs 240.
- Jefferies: Values the stock at Rs 270.
- Antique Stock Broking: 'Buy' call with a target of Rs 282.
- JM Financial: 'Buy' call with a target of Rs 253.
Motilal Oswal projects an EBITDA CAGR of 21% and a PAT CAGR of 9% for Adani Power over FY26-29E, supported by planned capacity additions.
Adani Enterprises: Infrastructure Growth Engine
Adani Enterprises shares have also seen a substantial recovery, climbing 68.28% from their 52-week low of Rs 1753.45 on March 30, 2026. Trading at Rs 2937 on September 8, 2026, its market capitalization stands at Rs 3.96 lakh crore.
Motilal Oswal remains highly optimistic about Adani Enterprises, citing its diversified growth engines and strategic positioning to capitalize on India's next capital expenditure cycle. The brokerage has assigned a price target of Rs 3880, emphasizing its market leadership and incubator model across sectors like airports, roads, data centers, new energy, and manufacturing.
Other analyst targets include:
- Consensus 12-month target: Rs 3,773.
- Morgan Stanley (July 30): Rs 3,638.
- Jefferies: Rs 3,830.
- Cantor Fitzgerald: Rs 3,744.
Analysts view Adani Enterprises as a unique infrastructure incubator, balancing stable established businesses with high-growth platforms.
Adani Ports: Sustained Volume Growth Expected
Adani Ports, India's largest private port network, has risen 31% from its 52-week low of Rs 1293 on January 23, 2026. The stock was trading at Rs 1694 on September 8, 2026, with a market capitalization of Rs 3.90 lakh crore.
Motilal Oswal maintains a 'BUY' rating on Adani Ports, projecting a 26% upside with a target price of Rs 2130. The brokerage anticipates strong volume growth, driven by a diversified cargo portfolio and ongoing investments in port and logistics infrastructure. It estimates cargo volumes to expand at an 11% CAGR over FY26–FY28, translating into robust financial growth with revenue, EBITDA, and PAT projected to grow at CAGRs of 17%, 18%, and 21% respectively during the same period.
Disclaimer: This article provides market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.