Adani stocks rise as Jefferies backs power, green energy plays

A portfolio of Adani Group stocks climbed on market optimism surrounding analyst backing for the conglomerate's energy and infrastructure holdings. Adani Total Gas, Adani Ports & SEZ, Adani Green Energy and related entities saw gains as institutional interest focused on the sector.

Jefferies, the multinational investment bank, reiterated Buy recommendations across four key Adani entities: Adani Power, Adani Green Energy, Adani Energy Solutions and Adani Ports & SEZ. The ratings underscored confidence in the group's positioning within India's energy transition and port infrastructure expansion.

The moves reflect continued institutional appetite for Adani's energy assets at a time when India is accelerating investments in renewable capacity and modernising port infrastructure to support trade growth. Adani Green Energy, the group's renewable energy platform, and Adani Power remain focal points for investors tracking the nation's shift toward cleaner energy sources.

Adani Ports & SEZ, the group's logistics and port operations arm, continues to attract analyst support amid India's push to enhance port capacity and reduce logistics costs. Energy Solutions, meanwhile, serves as a pivotal player in the group's broader energy ecosystem spanning generation, transmission and distribution networks.