Key Points
Analysts at Jefferies India Limited however expect almost 17% upside for Adani Enterprises led by commissioning of Copper unit first phase and expansions being undertaken during second phase..
The target price of Jefferies for Adani Enterprises stands at 3800 while the stock is trading at close to 3260 levels...
Adani Enterprises Limited's subsidiary Kutch Copper recently had inaugurated the first unit of its greenfield copper refinery project in Mundra on March, 28 by shipping the first batch of cathodes to a client..
. This project represents a significant milestone for Adani Enterprises as it expanded and entered into a new industry and enhances the domestic copper supply in India..
With capacity constraints in country amidst rising domestic demand and export opportunities, Adani Enterprises entry into Copper cathode production is expected to be fruitful..
