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Adani Ports & SEZ: Taking business to higher scale

Economic recovery and contribution from the new businesses help Adani Ports deliver better growth

October 28, 2021 / 11:08 AM IST
Adani Ports & SEZ: Taking business to higher scale

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Adani Ports and Special Economic Zone (Adani Ports) has reported a good set of numbers for the second quarter of the current fiscal. The port and other businesses put up a strong show despite hiccups in the global trade triggered by China and other factors such as higher commodity prices, supply constraints, coal crisis, and a spike in crude oil prices. Moreover, the company maintains its guidance and expects the second half to be better in terms of revenue...

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