Adani Ports share price

2023 - 1 - 27

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Image courtesy of "Business Today"

Kotak cuts Adani Ports price target to Rs 860, upgrades rating to 'Buy' (Business Today)

Adani Ports' price target has been reduced to Rs 860 from Rs 920 earlier. Kotak has cut its port's volume, revenue and Ebitda estimates by 5 per cent on ...

TRENDING We note that the ports business is otherwise an attractive one with pricing power, well-demonstrated by a sharp 10 per cent increase in realisations taken by Adani Ports in FY2023," it said. Our estimates bake in sub-7 per cent volume CAGR over FY2020-25E in existing assets and 16 per cent CAGR in overall volumes," it said. This compares to 10-16 times one-year forward trading range, suggesting a flat year for stock returns in a bear-case scenario. Kotak said the stock at its current valuations of 11.5 times FY2024 EV/Ebitda is a strong play on India’s port sector, having attractive characteristics such as pricing power and prospects of privatisation. Amid a broader selloff in Adani group stocks, Kotak Institutional Equities has upgraded its rating of Adani Ports & SEZ to 'Buy', citing favourable risk reward.

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Image courtesy of "Economic Times"

Silver lining in mayhem! Kotak Equities upgrades Adani Ports to 'buy' (Economic Times)

Adani Ports is also a keen contender for acquiring the governments stake in Container Corp, given its growth ambitions in logistics, adjacent ports ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The stock nosedived 25% to hit a nearly 2-year low of Rs 537 on the NSE. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) After the Supreme Court cleared the deck for the company to bid for major port projects, Adani Ports has added a few assets in Haldia and Tajpur and has also added Karaikal Port. After the recent fall in stock prices, Adani Ports is trading at 10 times the enterprise value-to-operating profit (EV/EBITDA) estimate for FY25, compared to 10-16 times.

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Image courtesy of "Capitalmind"

[28-Jan]: Adani stocks crack, Amber breaks out & More (Capitalmind)

Quote: Wisdom in a few words; Market Overview: Top stocks & asset classes; Off the charts: NSE500 marketcap-wise summary; Outlier of the week: Amber ...

And growth with returns on capital lower than cost of capital is value dilutive, not accretive. The bottomline: invested capital turnover, too, has declined to 2. For instance, Amber’s revenue grew at 21% CAGR in the past five years, and trades at a TTM price-to-earnings ratio of 61.5. Popular A/C brands have increasingly made Amber and other Original Design Manufacturers their manufacturing partners in the recent past. Over the last 1 year, small-cap 250 index is down 6.3% while midcaps and largecaps are up a little. Auto stocks (2W & 4W) are topping the charts this week with Tata Motors and Bajaj Auto both rising 10%.

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