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 market price. The brokerage expects EBITDA to more than double by FY29, supported by airports, new energy, roads, copper and other infrastructure busine…