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Buy Adani Ports and SEZ target of Rs 950: ICICI Direct

ICICI Direct is bullish on Adani Ports and SEZ has recommended buy rating on the stock with a target price of Rs 950 in its research report dated August 09, 2022.

August 10, 2022 / 12:07 IST
     
     
    26 Aug, 2025 12:21
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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 in India with 25% share of port cargo movement in India. The company has evolved from a single port dealing in a single commodity to an integrated logistics platform. Total ~70% of APSEZ’s 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 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 950 on an SOTP basis.

    For all recommendations report, click here

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    Adani Ports and SEZ - 090822 - ic

    Broker Research
    first published: Aug 10, 2022 12:07 pm

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