New Delhi: Adani Ports and SEZ Ltd (APSEZ) shares are in focus after a brokerage firm suggested buying the stock. The Adani Ports shares gained and were trading at Rs 1,413.10 at the time of writing this article.
Motilal Oswal Financial Services has given a BUY rating for Adani Posts shares. The brokerage in its report stated that the Adani Group company has built a strong position in India’s port and logistics sector through strategic acquisitions, operational improvements and large-scale expansion plans. It projected Adani Ports to have a market share of 27 per cent in India’s total cargo handling and 45 per cent in container cargo by March 2025. Initiating a Buy call on APSEZ shares, the brokerage gave a target price of Rs 1,620 per equity share.
Adani Ports has been expanding its ports, terminals and logistics infrastructure in India and abroad. The company has set a capex target of Rs 12,000 crore for 2025-26. This investment is expected to lead to a compound annual growth (CAGR) of 16 per cent, 16 per cent and 21 per cent respectively in the company’s revenue, EBITDA and net profit (PAT) from FY25 to FY27.
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Motilal Oswal Financial Services initiated a Buy rating on Adani Ports and SEZ Ltd (APSEZ) and provided a target price of Rs 1,620 per equity share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
