Adani Ports Gains; CLSA Maintains Buy

Adani Ports and Special Economic Zone shares gained as much as 3 per cent to hit intraday high of Rs 313.40 in an otherwise flat market on Friday.   International brokerage CLSA has maintained 'buy' rating on Adani Ports with a target price of Rs 400 per share, indicating a potential upside of 31 per cent from yesterday's closing price.   CLSA said investment grade rating of Adani Ports will help the company reduce its interest cost...