Buy Adani Ports, says Shirish Rane

Shirish Rane, Head-Research at IDFC Securities told CNBC-TV18, "We are pretty bullish on Adani Ports, because although the volumes were a little bit lower than what we were looking at in the second quarter and there seems to be a little bit of concern on coal imports. Our view is that coal imports are not going to fall very sharply over the next 12-18 months. They may stagnate a bit at the last year’s level of about Rs 230-240 million tonnes on the market as a whole and so, we do not see, we are not really worried on the volumes really degrowing or anything of that sort in Adani Port.""The Mundra Port is a hugely cash flow throwing port which the port the company seems to be utilising that cash flow into building a string of assets around the country, both on the east and the west coast. So, we like the strategy of the company. The stock has corrected about 10 percent from the result levels and we think it is a very attractive level to buy the stock today from a 12-18 month stand point," he added.