Adani Green Energy's stock has seen a rise today and the stock has closed with a gain of more than 2 percent. However, if all the signals are strong for the company and the stock gains full momentum, then the stock can also triple from the current price. This estimate has been given by Macquarie. At the same time, in the base case, the stock is expected to rise by more than 37 percent. Macquarie has informed on March 13 itself that it has started coverage on the stock and has issued an Outperform rating for the stock.

What is the forecast for the stock?

Macquarie has given a target of 1200 (scenario-weighted target price) for the stock. Scenario-Weighted Target Price is the average of the forecasts for the stock under different circumstances. The stock closed near the level of 875 on Thursday. That is, a 37 percent increase is expected from here. Along with this, a target of 2600 has been given for the stock in the bull case scenario. That is, a 197 percent increase is expected from here in the stock in the bull case scenario. The most positive conditions are taken in the bull case and this is the upper level of the estimates. According to the report, the company's strong growth potential, cash flow situation, and better position in dealing with debt have created investment opportunities in the stock. According to the brokerage, due to the plan to expand in renewable energy, the company can play an important role in India's energy transition. How was the performance of the stock? The stock closed at 874.1 with a gain of more than 2 percent on Thursday. During trading, the stock reached the level of 896. The stock registered its highest level in June 2024 which is 2173. This month the stock came down to the year's low of 758.