ADANI PORTS AND SPEC
Prabhudas Lilladhar
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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02 Dec 2024 | Adani Ports |
Prabhudas Lilladhar
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1397.70 | 1215.80 (14.96%) |
Not Rated
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25 Nov 2024 | Cochin Shipyard |
Geojit BNP Paribas
|
1802.40 | 1557.00 | 1364.25 (32.12%) | Target met |
Buy
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29 Oct 2024 | Adani Ports |
Motilal Oswal
|
1397.70 | 1780.00 | 1372.70 (1.82%) | 27.35 |
Buy
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In-line performance; outlook remains bright
Motilal Oswal
Adani Ports & SEZ (APSEZ) reported a revenue growth of 6% YoY to INR70.7b in 2QFY25 (in line). Cargo volumes grew 10% YoY to 111mmt. The growth was primarily driven by containers (+19% YoY).
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28 Oct 2024 | JSW Infrastructure |
Motilal Oswal
|
315.25 | 350.00 | 287.35 (9.71%) | 11.02 |
Buy
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19 Sep 2024 | Adani Ports |
Motilal Oswal
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1397.70 | 1850.00 | 1408.20 (-0.75%) | 32.36 |
Buy
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Temporary volume hit in 1H; growth outlook intact
Motilal Oswal
Adani Ports & SEZ (APSEZ) handled 183mmt of cargo volumes over AprAug’24. Volumes in 1QFY25 grew 7% YoY but were affected by a worker strike at Gangavaram port during Apr-May’24, which normalized in Jun’24.
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01 Aug 2024 | Adani Ports |
Motilal Oswal
|
1397.70 | 1850.00 | 1590.15 (-12.10%) |
Buy
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19 Jul 2024 | Adani Ports |
FundsIndia
|
1397.70 | 1757.00 | 1469.30 (-4.87%) |
Buy
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01 Jul 2024 | Adani Ports |
Motilal Oswal
|
1397.70 | 1700.00 | 1478.10 (-5.44%) |
Buy
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31 May 2024 | Adani Ports |
Hem Securities
|
1397.70 | 1654.00 | 1437.40 (-2.76%) |
Buy
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09 May 2024 | JSW Infrastructure |
Motilal Oswal
|
315.25 | 300.00 | 244.10 (29.15%) | Target met |
Buy
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Volume growth to remain robust
Motilal Oswal
Cargo volumes handled by JSW Infrastructure (JSWINFRA) exhibited YoY
growth of 15% in FY24 to 106.5MMT from 93MMT in FY23 (three-year CAGR of 33% over FY21-24). Considering capacity ramp-up at existing ports along with higher share of volumes from third-party customers, we expect the growth momentum to continue. |
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