Jefferies has reiterated its Buy rating on Adani Ports with a target price of ₹1,700, following management’s positive commentary on future growth plans.
Management reiterated its target of a 5x rise in logistics revenue and EBITDA over FY25–29 as the company looks to offer integrated logistics solutions, leveraging its 15-port network.
Logistics and international expansion are seen as new growth drivers for the company, while domestic port volume growth will be largely organic.
Capital allocation and disciplined financial management remain core areas of focus for Adani Ports.
Disclaimer: The views and target prices mentioned in this article are as stated by Jefferies. They do not represent the opinions or recommendations of this publication. Readers are advised to consult their financial advisors before making any investment decisions.
