By Admin 
Adani power shares: The shares of Adani Ports and Special Economic Zone are expected to rise in the coming times. Brokerage firm McWery has increased its target price. Given the better performance than the average of the port in cargo volumes and more expansion of the logistics business, Brokerage is rely on the company’s shares. Brokerage has increased the target price from Rs 1,650 to Rs 1,760. Also, the rating of ‘outperform’ has also retained.
Why Brakerej trusts the shares of Adani Ports?
Brokerage hopes that Adani Ports will further strengthen its leadership position in India’s port business. The company will continuously achieve this position due to increasing its capacity, better relations with clients and its growing stake in cargo stocks. Apart from this, the network of rapidly growing logistics business will also be supported. The involvement of NQXT (Australia) in the portfolio and the expansion of the Colombo Trans-Shipment Port is also expected to increase the total sales in the medium period.
Brokerage has also estimated an increase of 11.7 percent to 20 percent in income (EPS) per share for business year 27-28. The reason behind this is the strengthening of the logistics segment and an increase in international capabilities. McWery said that Adani Ports are in good position to take advantage of India’s long -term trade capacity.
Jeffers also expect
Similarly, foreign brokerage firm Jefferies also expects high hopes from the shares of Adani Ports. Brokerage has fixed its target price of Rs 1815. Jefferies says that during the business year 2025-27, the capacity of Adani Ports will increase by 17 percent. Currently, the current price of the stock is Rs 1392. Its 52-week high level is Rs 1493.85.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
Also read:
Adani Power Bihar will invest a huge investment of $ 3 billion, 2400mw’s power plant will be set up