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Adani Ports & SEZ: What will put wind in the sails for the stock?

The company expects to maintain growth momentum on the back of a recovery in the ports business

August 11, 2022 / 17:18 IST
Adani Ports | CMP: Rs 807 | The stock ended in the red on August 8. Net profit went down 18% at Rs 1,072.4 crore against Rs 1,307 crore (YoY). However, revenue was up 20.6% at Rs 4,638 crore against Rs 3,845 crore (YoY). Its EBITDA was down 31% at Rs 1,809 crore against Rs 2,620 crore (YoY) while margin came in at 38.9% against 57.5% (YoY).
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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More