'Buy' Adani Ports To Get Upto 29% Upside, Says Motilal Oswal, Here's Why

Stocks To Buy: The brokerage believes Adani Ports is very well placed to continue to outpace industry growth and gain market share

Stocks to Buy: . The integration of the logistics business with the ports business is enhancing its service offerings and transforming Adani Ports into a transport utility

(Representative image. Source: Adani Ports & Special Economic Zone)

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Motilal Oswal Report

Stocks to Buy: We reiterate our Buy rating on Adani Ports and Special Economic Zone Ltd. with a target price of Rs 1,530 (premised on 16x Sep-26 EV/Ebitda).

Adani Ports 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/PAT compound annual growth rate of 15%/15%/21% over FY24-27.

Click on the attachment to read the full report:

Motilal Oswal Adani Ports Company Update.pdf
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