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Buy Adani Ports & Special Economic Zone, target price Rs 1,460: JM Financial.


Date: 28-03-2024
Subject: Buy Adani Ports & Special Economic Zone, target price Rs 1,460: JM Financial
JM Financial has buy call on Adani Ports & Special Economic Zone with a target price of Rs 1460. The current market price of Adani Ports & Special Economic Zone is Rs 1334.85. Time period given by analyst is a year when Adani Ports & Special Economic Zone price can reach defined target.


Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 289069.79 crore) operating in Shipping sector.

Adani Ports & Special Economic Zone key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue for the year ending 31-Mar-2022.


The company?s top management includes Mr.Gautam S Adani, Mr.Karan Adani, Dr.Malay Mahadevia, Mr.Rajesh S Adani, Prof.Ganesan Raghuram, Mr.Gopal Krishna Pillai, Mr.P S Jayakumar, Mr.Bharat Sheth, Mrs.Nirupama Rao, Mr.Gautam S Adani, Mr.Karan Adani, Dr.Malay Mahadevia, Mr.Rajesh S Adani, Prof.Ganesan Raghuram, Mr.Gopal Krishna Pillai, Mr.P S Jayakumar, Mr.Bharat Sheth, Mr.Gautam S Adani, Mrs.Nirupama Rao, Mr.Karan Adani, Dr.Malay Mahadevia, Mr.Rajesh S Adani, Prof.Ganesan Raghuram, Mr.Gopal Krishn ..

In an exchange filing, APSEZ announced acquisition of 95% stake in Gopalpur Port (GPL) at an EV of INR 30.8bn (13xFY24 EV/EBITDA; 10xFY25 EV/EBITDA). GPL is a bulk port, located on the East cost of India with 20mntpa handling capacity, 30 year concession (extendable upto 2056) and over 500acres of leased land parcel. Given APSEZ?s expertise in ramping up volume and improving EBITDA margins through cost/ operational efficiencies and de-bottlenecking, we believe GPL will be a value accretive acqui ..

In an exchange filing, APSEZ announced acquisition of 95% stake in Gopalpur Port (GPL) at an EV of INR 30.8bn (13xFY24 EV/EBITDA; 10xFY25 EV/EBITDA). GPL is a bulk port, located on the East cost of India with 20mntpa handling capacity, 30 year concession (extendable upto 2056) and over 500acres of leased land parcel. Given APSEZ?s expertise in ramping up volume and improving EBITDA margins through cost/ operational efficiencies and de-bottlenecking, we believe GPL will be a value accretive acqui ..

 Source Name : Economic Times

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