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This Article is From Nov 12, 2024

'Buy' Adani Ports Says Motilal Oswal, Sees 32% Upside, Here's Why

'Buy' Adani Ports Says Motilal Oswal, Sees 32% Upside, Here's Why
 (Source: Adani Ports and Special Economic Zone website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Adani Ports and Special Economic Zone Ltd. is likely to outpace India's overall growth, driven by a balanced port mix along India's western and eastern coastlines and a diversified cargo mix.

The company continues to invest heavily in the port and logistics business to drive growth.

We expect Adani Ports to report 10% growth in cargo volumes over FY24-27. This would drive a revenue/Ebitda/profit after tax compound annual growth rate of 15%/15%/21% over FY24-27. We reiterate our Buy rating with a target price of Rs 1,780 (premised on 18 times Sep-26 enterprise value/Ebitda).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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