Adani Ports and SEZ (ADSEZ) Experiences Robust Q4 Growth, Motilal Oswal Elevates Target Price

full version at en.coinotag

Before you reading,
Don't miss coins like PEPE again! Click here to find new PEPEs!

Adani Ports and SEZ (APSEZ) has received a revised target price of ₹1,550 from brokerage firm Motilal Oswal following a strong performance in the March quarter.
The firm has maintained its ‘buy’ rating on the Nifty-listed stock, citing a 19% YoY revenue growth to ₹68.9 billion in 4QFY24.
APSEZ’s cargo volumes also saw a significant increase, recording a 26% YoY growth to reach 108.8 MMT.

Adani Ports and SEZ’s robust Q4 performance prompts Motilal Oswal to raise its target price to ₹1,550, maintaining a ‘buy’ rating on the stock. The firm anticipates APSEZ to outpace India’s overall growth due to its balanced port portfolio and operational enhancements.

APSEZ’s Q4 Performance and Future Projections

APSEZ reported a revenue growth of 19% YoY to ₹68.9 billion in 4QFY24. The quarter also saw a 26% YoY growth in cargo volumes to reach 108.8 MMT. The firm believes that APSEZ’s performance aligns closely with their projections, with the company expected to achieve cargo volume growth 2-3 times that of India’s. This growth is attributed to a well-balanced port portfolio along both the western and eastern coastlines, coupled with operational enhancements at recently acquired ports.

Logistics Segment and Growth Outlook

The logistics segment is expected to complement the domestic ports business by improving last-mile connectivity. Over the period spanning FY24-26, Motilal Oswal foresees APSEZ reporting an ... Read the full article for FREE at COINOTAG!