Buy Adani Ports & Special Economic Zone, target price Rs 1590: Motilal Oswal
Adani Ports & Special Economic Zone with a target price of Rs 1590. The current market price of Adani Ports & Special Economic Zone Ltd. is Rs 1321.
Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 285375.96 Crore) operating in Shipping sector.
Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue for the year ending 31-Mar-2022.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 7426.95 Crore, up 6.83 % from last quarter Total Income of Rs 6951.86 Crore and up 47.03 % from last year same quarter Total Income of Rs 5051.17 Crore. Company reported net profit after tax of Rs 2305.73 Crore in latest quarter.
Promoter/FII Holdings Promoters held 65.89 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.98 per cent, DIIs 11.84 per cent.
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