Buy Adani Ports & Special Economic Zone, target price Rs 1700: Motilal Oswal
Adani Ports & Special Economic Zone with a target price of Rs 1700.0. The current market price of Adani Ports & Special Economic Zone Ltd. is Rs 1476.9. Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 319290.14 Crore) operating in Shipping sector.
Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services and Infrastructure Leasing Income for the year ending 31-Mar-2024.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 7199.94 Crore, down -3.06 % from last quarter Total Income of Rs 7426.95 Crore and up 16.52 % from last year same quarter Total Income of Rs 6179.12 Crore. Company reported net profit after tax of Rs 2049.51 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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