Jefferies remains bullish on both Adani Energy Solutions and Power Grid Corp but sees significantly stronger growth in AESL, driven by transmission expansion and smart metering. The brokerage expects AESLs earnings growth to outpace Power Grid and believes improving valuations and execution momentum could support a potential re-rating.

Jefferies remains bullish on both Adani Energy Solutions and Power Grid Corp but sees significantly stronger growth in AESL, driven by transmission expansion and smart metering.…

Jefferies has a buy rating on Adani Energy Solutions with the target price at Rs 1,665. Analysts attended the recent management meet.