The Securities and Exchange Board of India (SEBI) has officially concluded its inquiries into the Adani Hindenburg case, awarding a clean record to the corporation. This development has removed a significant overhang from the market and permitted investors and brokerages to return their focus to the underlying fundamentals of core Adani Group stocks. analysts, however, now believe that there is significant upside potential across a number of companies in the portfolio.
Brokerage firm Ventura has put a bullish target on Adani Enterprises, at ₹3,801, implying an upside of nearly 58% from the current level. The flagship incubator remains one of the central cogs in Adani’s ambitions in airports, green hydrogen, and infrastructure. However, there regarding Adani Wilmar, ICICI Securities thinks that shares will benefit from rising consumption, and distribution reach stating a target of ₹360, implying 37% upside.
Adani Ports shares have also grabbed attention in infrastructure. Motilal Oswal has set a target of ₹1,700 (29% upside), with Prabhudas Lilladher being more bullish at ₹1,777 (31% upside). Analysts believe that the port operator has the advantage of riding both global trade flows, as well as India’s infrastructure growth.
Similarly in cement, Ventura sees Ambuja Cements reaching ₹794 (38% upside) as it increases capacity and benefits from housing and infrastructure demand. Another Adani group cement player ACC Ltd has a target of ₹2,260 from Axis Direct (23% upside).
Now that the Adani SEBI clean chit removes regulatory uncertainty, analysts are confident that all five stocks—Adani Enterprises, Adani Wilmar, Adani Ports, Ambuja Cements and ACC—are adequately positioned to deliver returns in the medium term.
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