Adani Enterprises shares rally 9% in 2 days. Jefferies sees 15% upside, here’s why

September 22, 2025

Adani Enterprises shares are up following Sebi’s clearance of stock manipulation allegations. This boosted investor confidence. Jefferies maintains a Buy rating, citing growth drivers like the Navi Mumbai International Airport. Green energy expansion also adds momentum. The regulatory clearance comes after Hindenburg’s report triggered a sell-off. Despite the rally, the stock is still down over the past year.

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