Adani Ports share price: Brokerages see up to 33% upside potential to the stock.
Adani Ports Q1 results: Revenue rises 31% to Rs 9,126 crore; Gautam Adani exits key managerial role
According to estimates from four brokerages polled by Moneycontrol, APSEZ is likely to report revenue of Rs 8,768.10 crore, reflecting a 16 percent year-on-year increase. This growth is expected to be broad-based, driven by solid momentum in ports, marine services, and logistics.
Adani Ports and Special Economic Zone Ltd is in talks with investors to raise the debt in the coming months
'Adani Ports handled a record 450 MMT of cargo and became the beating heart of India’s trade,' said Adani Group Chairman Gautam Adani.
Adani Ports owns a majority stake in Haifa Port in Israel. The company had acquired the port for a total consideration of $1.18 billion in 2023. The port is one of Israel’s major seaports.
Adani Ports share price: The company had acquired a majority stake in Israel's Haifa port for a total consideration of $1.18 billion in 2023. The port is one of Israel’s major seaports.
At close, the Sensex was down 636.24 points or 0.78 percent at 80,737.51, and the Nifty was down 174.10 points or 0.70 percent at 24,542.50. About 1,701 shares advanced, 2,148 shares declined, and 134 shares remained unchanged.
The company is likely to offer a coupon of around 7.75% on the issue and invite bids on Friday
Motilal Oswal maintained its buy rating on Adani Ports & SEZ, with a target price of Rs 1,620 per share, indicating a 15 percent upside
Shares of Adani Ports & SEZ rose 6% to Rs 1,347 apiece while those of Adani Enterprises surged 7.5%
Even if the tariffs impact trade between the US and China, other forms of trade will compensate for that, he said.
A part of the deal, Adani Port will issue 143.8 million shares to Carmichael Rail and Port Singapore Holdings to buy Abbot Point Port Holdings, which owns and operates the North Queensland Export Terminal
The tracker reveals that 17 analysts have issued buy calls for the stock, with zero sell and hold ratings, compared to 16 buy calls and two hold ratings a quarter ago.
Several major firms released their December quarter earnings on January 30
'These tugs are expected to begin delivery in December 2026 and continue until May 2028,' says Adani Ports
Bernstein said the Adani Group's significant reduction in promoters' pledged shares, lower leverage, and improved valuations were key factors lifting its financial footing in the past two years.
Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds are now on "watch negative", the ratings agency said.
Meanwhile, others like Adani Power, and Adani Green Energy also witnessed buying from lower levels which lifted these stocks 3-6 percent higher in morning trade, However, the stocks failed to hold onto their gains and slipped back into the red.