Adani Ports Share: Brokerage is bullish on Gautam Adani Group company Adani Ports and Special Economic Zone (APSEZ). Nuvama has maintained its ‘Buy’ rating on it and has given a target price of Rs 1900, which indicates an upside of about 32% in one year.
This rating has been given keeping in mind the strong performance and strong growth of the company at the operational level in the second quarter of the business year 2026. Currently the shares of the company are at the level of Rs 1449, while its 52-week high level is Rs 1493.5. That means the share price is very close to its high level. Its 52-week low level is Rs 993.85.
performed better than expected
Brokerage Nuvama says that revenue, EBITDA and PAT have increased by 30 percent, 26 percent and 27 percent respectively compared to last year, which is about 1-3 percent more than the estimates. The company’s domestic port business has grown by 8 percent and revenue has achieved a growth of 13 percent. Container volume has also increased by 22 percent year-on-year.
The company’s market share in container and overall cargo volume has increased. However, the quantity of coal has declined by 5 percent. The company has also achieved great achievements in logistics and marine divisions. Revenue has increased by 79 percent and 239 percent respectively, while EBITDA has increased by 41 percent and 182 percent respectively.
American rating agency also trusts
Fitch Ratings has also given a low rating of ‘BBB’ to the shares of Adani Ports. This means that the shares are stable and the potential risk is low. Fitch Ratings expects sustainable growth of Adani Port, whose cargo volume may increase by 10-15 percent and tariffs are also expected to increase by 2-3 percent. The agency says that the EBITDA margin of the company will be around 55 percent and the annual capital expenditure will be Rs 12,000-16,000 crore.
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