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.


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.


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.

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