“Reliance separated the financial business from the core business so that they could raise more capital in it as debt without hurting the debt equity ratio of the core business. It also becomes the holding company for all their financial practices if they want to get into broking, asset management, any of the other insurance plays and so on.”
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing
August 27, 2026