Waya initiates coverage on Advait Energy Transitions Ltd. with a BUY recommendation. Waya expects an upside of 47% from this stock in 1 year and sets a target price of ₹2520.

Advait Energy is an integrated power-transmission and clean-energy EPC leader with expansion into green hydrogen and BESS. Strong order book of over ₹ 1000 crores. Advait has strong financials and growth outlook.

Waya expects Advait’s sales to grow at a rate of 40% CAGR from FY25 to FY28E and EBITDA margin to recover through the same period as NRE projects scale up.