“Maintains a 'Buy' rating on Adani Enterprises with a target price of ₹3,830, projecting a 30% rally from current levels, and a bull case target of ₹4,700 (60% upside). The brokerage is bullish due to attractive valuations, an expected EBITDA CAGR of 23% over FY26-FY31 driven by airports, data centers, and ANIL, and the company's strategic focus on India's long-term development agenda by investing ahead of demand.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%