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We initiate coverage on AEL with a BUY rating and an SoTP-based TP of INR3,880, as it is uniquely positioned to benefit from India's next capex cycle across airports, roads, data centers, new energy, mining, copper, and strategic manufacturing.
We initiate coverage on AEL with a BUY rating and an SoTP-based TP of INR3,880. We believe its market leadership, superior scale, diversified growth portfolio, and proven incubator model position AEL to emerge as a leading global infrastructure platform.
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