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Buy Adani Ports and SEZ; target of Rs 900: ICICI Direct

ICICI Direct is bullish on Adani Ports and SEZ has recommended buy rating on the stock with a target price of Rs 900 in its research report dated February 03, 2021.

February 04, 2022 / 01:01 PM IST
 
 
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ICICI Direct's research report on Adani Ports and SEZ


Adani Ports and Special Economic Zone (APSEZ) is the largest commercial port operator with 25% share of India’s port cargo movement. The company has evolved from a single port dealing in a single commodity to an integrated logistics platform. Total ~70% of APSEZ revenues is contributed by its port operations. Rest is led by harbour (11%), logistics (7%) and others Of the total 247 MT cargo volume in FY21, container volumes were at 105 MT (43%), bulk at 110 MT (44%) and rest by liquid at 32 MT (13%)


Outlook


We remain positive on the long term growth prospects of the stock and maintain our BUY recommendation We value the stock at Rs 900 on an SOTP basis


For all recommendations report, click here

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first published: Feb 4, 2022 01:01 pm
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