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News India Live, Digital Desk: The shares of Adani Port and SEZ Limited (APSEZ) are in discussion after the brokerage firm advised to buy shares. By the time this article was written, the shares of Adani Ports rose and it was trading at Rs 1,413.10.
Motilal Oswal Financial ServiSEZ has rated to buy shares of Adani posts. Brokerage has said in its report that the company of the Adani group has created a strong position in the port and logistics sector of India through strategic acquisition, operational reforms and large -scale expansion plans. It has estimated that by March 2025, Adani Ports will have a market share of 27 percent in India’s total cargo handling and 45 percent in container cargo. Inaugurating the purchase call on Apsez’s shares, Brokerage gave the target of Rs 1,620 per equity share.
Adani Ports is expanding its ports, terminals and logistics infrastructure in India and abroad. The company has set a capital expenditure target of Rs 12,000 crore for 2025-26. With this investment, the company is expected to have 16 percent, 16 percent and 21 percent annual growth (CAGR) from FY 25 to FY 27 in revenue, Ebitda and net profit (PAT) respectively.
North India Statesman