Adani Ports Q1 results beat Street estimates. Should you buy stock?

Adani Ports Q1 results beat Street estimates. Should you buy stock?

Adani Ports and Special Economic Zone shares have a potential upside of 11-22%, according to estimates of top brokerages. The views come on the back of strong June quarter earnings posted by the Gujarat-based port operator. Estimating that double-digit growth would continue, Jefferies revised its stock price target upwards while recommending a buy. Domestic brokerages … Read more

Adani Ports can rally 23% on strong September results, says Nomura

Adani Ports can rally 23% on strong September results, says Nomura

Stating strong September quarter results, global brokerage Nomura maintained its buy rating on with a target price of Rs 1,025, implying an upside potential of 23% from the current market price of Rs 832. Adani Ports delivered strong topline sales growth at 33% year-on-year (YoY) at Rs 5,210 crore, which was 8%/13% higher than Nomura/consensus … Read more