Jefferies Backs Adani Energy Solutions Over Power Grid Corp

Jefferies is optimistic about both Adani Energy Solutions (AESL) and Power Grid Corp, but it’s leaning more heavily on AESL. The firm anticipates that AESL will experience robust growth, fueled by expansion in transmission and advancements in smart metering technology.

The brokerage forecasts that AESL’s earnings will surpass those of Power Grid Corp, indicating a promising trajectory. With improving valuations and a strong momentum in execution, Jefferies believes AESL could see a significant re-rating in the market.