Adani Ports & Special Economic Zone Ltd (NSE: ADANIPORTS): The share of Adani Ports & Special Economic Zone Ltd, a company of Adani Group, rose by 2.33% to Rs 1,441 on Friday. The company’s share may see a further rise.
A full-service stock brokerage firm has advised to buy Adani Ports & Special Economic Zone Ltd share. The brokerage firm that deals in stock maintains a buy rating for Adani Ports & Special Economic Zone Ltd’s share.
The 52-week highest level of share in the Adani Group company is 1607.95 rupees. In the same way, the 52-week low of share in the company is 754.50 rupees.
Adani Ports Share Can Go Up To Rs 1850
The stock brokerage firm has given a target price of Rs 1850 for the share of Adani Ports & Special Economic Zone Ltd. The company’s share could see an increase of 30 % over the current levels.
The stock brokerage house has said that Adani Ports is continuously investing in the port and logistics business to accelerate growth.
The research firm estimates that cargo volumes may see an 11% jump between FY 2024 and FY 2026. At the same time, revenue may grow by 14% and EBITDA by 15% CAGR during this period.
Adani Ports Share Rise By More Than 300% In 4 Years
Adani Ports & Special Economic Zone Ltd’s share has seen a tremendous rise in the last 4 years. The share of this Adani Group company was at Rs 326.15 on 25 September 2020.
Adani Ports & Special Economic Zone Ltd share reached Rs 1,441 on 20 September 2024. In the last year, Adani Ports & Special Economic Zone Ltd’s share has seen a rise of about 76.15%. The company’s share was at Rs 818.05 on 20 September 2023.
The company’s share has reached Rs 1435 on 20 September 2024. Adani Ports & Special Economic Zone Ltd’s share has jumped 37% so far this year.
Quick Fact
| Company name | Adani Ports & Special Economic Zone |
|---|---|
| Recent share price | ₹1,441 (2.33%) |
| Possible target price | ₹1850 |
| Potential rise | 30% |
| Share price increase in 4 years | 300% |
| Price on 25 September 2020 | ₹326.15 |
| Price on 20 September 2023 | ₹818.05 |
| Price on 20 September 2024 | ₹1,441 |
| Growth in the last year | 76.15% |
| Growth in 2024 | 37% |
| Revenue growth (FY 2024-2026) | 14% |
| EBITDA growth (FY 2024-2026) | 15% |
| Cargo volume growth (FY 2024-2026) | 11% |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
