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Adani Ports and Special Economic Zone (SEZ), the largest company of Adani Group, can give bumper returns to investors in the coming times. On Wednesday, January 15, 2025, shares of this company saw a rise of 2.2% after the positive report of Ventura Securities. Let us tell you, the brokerage firm has expected a rise of up to 50 percent in the shares of Adani Ports.
Adani Ports’ target
Ventura Securities has set a target price of Rs 1,674 for Adani Ports. This shows a potential upside of about 45 percent from the current level. Ventura said in its report that Adani Ports is India’s largest and fastest growing port operator, operating 15 domestic ports. The company’s strong business model and expansion in the logistics sector makes it attractive for investors.
how is the financial report
The brokerage firm has also estimated that the company’s revenue, Ebitda and net profit will grow at a CAGR of 21.4 per cent, 19 per cent and 21.9 per cent during financial years 2024 to 2027. Additionally, the company aims to double port capacity and triple logistics infrastructure by FY29.
Investors still need to be cautious
Even though the shares of Adani Ports have risen, experts have advised investors to remain cautious in view of the market volatility. Adani Ports has recorded a 19 per cent year-on-year growth in its container volumes, while the total cargo has grown by 7 per cent year-on-year (YoY). Along with this, Adani Ports has made strategic acquisitions in Gopalpur Port and Astro Offshore, which has also increased its offshore capabilities.
You can keep shares in your portfolio
Considering the possible rise in the shares of Adani Ports, it can be said that investors can keep some stocks of the company in their portfolio. Apart from Ventura Securities, many other brokerage firms have also advised to buy Adani Ports. For example, Nuvama Institutional Equities has given outperform rating to the stock and has estimated its price to reach Rs 1,960.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
