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Analysts expect Adani Ports shares to rise 21% despite the Red Sea issue

The 3QFY24 results and better outlook on the Adani investigation have led JM Financial to increase its expectations by 3-5 percent. To show confidence in growth prospects, it has valued Adani Ports at 16 times EV/EBITDA, which is 10% higher than its 3-year median of 14.5 times. The brokerage firmu2019s March 2025 aim was 1,430 rupees.

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Analysts expect Adani Ports shares to rise 21% despite the Red Sea issue

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  1. Analysts expect Adani Ports shares to rise 21% despite the Red Sea issue

  2. After a solid 40-45 per cent year-over-year rise on key port and overall operational indicators and a 60 per cent growth in adjusted profit, Adani Ports & Special Economic Zone Ltd. (APSEZ) stock has witnessed price target upgrades. According to analysts, the first nine months saw a 24% increase in volume, which was evenly distributed among important cargo categories and contributed equally by Mundra, non-Mundra ports, and inorganic boost.

  3. The 3QFY24 results and better outlook on the Adani investigation have led JM Financial to increase its expectations by 3-5 percent. To show confidence in growth prospects, it has valued Adani Ports at 16 times EV/EBITDA, which is 10% higher than its 3-year median of 14.5 times. The brokerage firm’s March 2025 aim was 1,430 rupees. In addition to acquiring Karaikal Port, APSEZ has finalized the sale of its Myanmar assets. The firm is reducing the concentration risk with non-Mundra volumes accounting for 46% in 9MFY24 (compared to 44% year-over-year). APSEZ has yet to see any volume interruption at its Haifa port so far, despite the geopolitical tension around it, according to Nuvama. This brokerage has increased the stock’s target price from Rs. 958 to Rs. 1,415.

  4. Reasons Why Analysts Are Upbeat Analysts are still bullish on Adani Ports shares, predicting a 21% increase despite the Red Sea incident. They have several reasons to be hopeful. When we know what these things are, we can better predict what the company’s future growth drivers will be. With a wide array of ports and logistical services under its belt, Adani Ports is not dependent on any one project and maintains a global presence thanks to its varied portfolio. With a strong presence across important trade channels, the corporation is well-positioned to take advantage of global trade trends and protect itself against regional uncertainty.

  5. Thank You For Your Attention

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