Jefferies has placed a ‘Buy’ call on Adani Ports with a target price of ₹1,910 per share, projecting a 33.7% upside from the current market price of ₹1,428.50. The company’s management remains confident in achieving double-digit volume growth, with new port operations expected to begin in the second half of FY25.
Adani Ports has retained its FY25 volume guidance and continues to focus on capex prudence and maximizing returns. The company is also gaining market share, aided by the commissioning of the Dedicated Freight Corridor at Mundra, which is expected to further enhance its operational efficiency and growth potential.
TOPICS:
Adani Ports and SEZ