Adani Ports share price target goes up to Rs 1,782 after Q4 results. Should you buy, sell or hold?

economictimes.indiatimes.com:

Adani Ports in the March quarter, brokerages increased target prices on the Nifty stock. Global brokerage firm Citi is among the biggest bull on the counter and has given a target price of Rs 1,782, which signals an upside potential of 32% from the current market price.

Shares of Adani Ports, which have rallied 100% in the last 1 year, were trading at Rs 1,344 around 10 am on Friday.

Citi analysts noted that the ports operator not only reported strong Q4 but also gave healthy FY25 guidance. Notably strong capex planned in FY25 not only underlines strong cash flows and balance sheet, but is also an indication of its intent to accelerate growth, the brokerage said.


The company reported a 77% year-on-year (YoY) jump in its consolidated net profit at Rs 2,014.77 crore which stood at Rs 1,139.07 crore in the year-ago period.

Global brokerage Jefferries stated that Q4 EBITDA was 5% lower than the expectations as realizations were a tad lower, however, the management commentary seemed confident about double-digit growth.

With an FY25 volume guidance at 460-480 mt (10-14% YoY increase) being in line with the estimates, Jefferies raised the target price to Rs 1,640.

ALSO READ | Are retail investors winning the battle against FIIs? These 28 multibagger stocks show the trend

With an FY25 guidance implying 10-14% growth, which seems achievable, HSBC Securities forecast a 15% EBITDA CAGR in FY24-27, while FY25 EBITDA is estimated 4% above the top-end of the company's guidance range.

Backed by the estimates, HSBC has set