Buy Adani Ports after a correction of 5-10%: Deven Choksey

In a chat with ET Now,Deven Choksey, MD, KR Choksey Securities, shares his views on Adani Ports.



ET Now: Is Adani Ports still a buy at the current levels ?

Deven Choksey: Most of the ports which the Adani’s are operating under the Adani Port company are going to increase the tonnage handling capacity in the year 2014-2015. Be it Hazira Port, be it Dahej Port, be it Mundra Port or newly acquired Dhamra Port, all are going to see a rise in tonnage handling capacity. With increase in tonnage handling capacities they are going to have the volume led growth and in a given situation in an economy there would be some amount of upside also into the realisation on per tonne basis.

At the same time we expect that the BJP’s manifesto which is very clearly talking about Sagar Mala Project in which the port development is going to be a major thrust and in such situation some of these companies particularly the port companies would probably stand benefited.

May be the time for them to get the benefit going forward would be very high, I would think that it has run up as far as the market prices are concerned may be small correction of 5% to 10% if at all market gives that would be a good opportunity to re-enter into this particular stock.