Adani Port Share Price: Buy Adani Port & Special Economic Zone, target price Rs 898: ICICI Direct | Whuff News


ICICI Direct has placed a buy call on Adani Port & Special Economic Zone with a target price of Rs 898. The current market price of Adani Port & Special Economic Zone is Rs 858.95. The time period given by the analyst is Intra Day when the price of Adani Ports & Special Economic Zone Ltd. can achieve the set target.

Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 181569.04 Crore) operating in the Shipping sector.

Product/Segment Key revenue Adani Ports & Special Economic Zones Ltd. including Income from Port Services, Infrastructure Lease Income, Other Operating Income and Export Incentives for the year ending 31-March-2021.

Financial

For the quarter ended 31-12-2021, the company reported Total Consolidated Revenue of Rs 4422.73 Crore, up 8.75 % from last quarter’s Total Revenue of Rs 4066.78 Crore and up 3.46 % from last year’s Total Revenue of Rs 4274.799. The company reported a net profit after tax of Rs 1423.15 Crore in the latest quarter.

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Investment Rationale
Break above last six month range (830-652) and MACD in buy mode.

Promoters/FII Holdings
Promoters hold 65.55 percent interest in the company as of 31-March-2022, while FIIs own 14.26 percent, DIIs 15.32 percent.

(Disclaimer: The recommendations given in this section or any report attached hereto are authored by external parties. The views expressed are those of the respective authors/entities. These do not represent the views of the Economic Times (ET). ET does not guarantee, warrants as, endorses any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial advisor and obtain independent advice.



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