Goldman Sachs has maintained a ‘buy’ rating on Adani Ports, setting a target price of ₹1,400 per share, implying a 23.8% upside from the current market price (CMP) of ₹1,130.80.
The brokerage expects port volume growth to accelerate in FY26-27, following an 8.5% growth in FY25. This growth will be driven by the ramp-up of operations at Vizinjham, Gopalpur, and Tanzania, alongside the commissioning of Adani’s port at Colombo, which is projected to support early double-digit volume growth.
Additionally, logistics revenue and EBITDA are expected to grow at a much faster pace in the medium term, further strengthening Adani Ports’ financial position.
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