ADANI PORTS Stock: Buy Adani Ports & Special Economic Zone, target price Rs 835: ICICI Direct | Whuff News


ICICI Direct has placed a buy call on Adani Port & Special Economic Zone with a target price of Rs 835. The current market price & Special Economic Zone is Rs 801.15. 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 1998, is a Large Cap company (having a market cap of Rs 169253.91 Crore) operating in Shipping sector.

Product/Segment Key revenue Adani Ports & Special Economic Zones Ltd. including Income from Port Services, Infrastructure Lease Income, Other Operating Income for the year ending 31-March-2022.

Financial

For the quarter ended 31-03-2022, the company reported a Consolidated Total Revenue of Rs 4417.87 Crore, down -.11 % from last quarter Total Revenue Rs 4422.73 Crore and up 8.48 % from last year’s quarter Total Revenue Rs 4072.42 Crore. The company reported a net profit after tax of Rs 970.47 Crore in the last quarter.

Investment Rationale
Break above last 10 week range with base around 52 week EMA and MACD in buy mode.


Promoters/FII Holdings
The promoter holds 66.02 percent interest in the company as of 30-June-2022, while FII owns 14.24 percent, DII is 15.05 percent.

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