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This Article is From Dec 02, 2024

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

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

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

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:

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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