Adani Green Energy shares fall 4% after Q2 results. What are Jefferies, JM Financial saying?

Adani Green Energy shares fell 4% after the company reported its Q2 results. Despite a 15% year-on-year rise in net profit to Rs 673 crore and a 39% increase in revenue to Rs 4,520 crore, investors reacted negatively to the news. Analysts at Jefferies and JM Financial remain optimistic, however, maintaining their Buy and Add ratings respectively, citing growth opportunities and operational challenges that the company is facing. This suggests that the analysts believe the company's long-term prospects are still strong.

Why it matters

Adani Green Energy's Q2 results showed a 15% year-on-year rise in net profit, but shares fell 4% after the results. This suggests that investors were expecting even better performance.

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