Buy Adani Ports & Special Economic Zone, target price Rs 1050: Motilal Oswal

Motilal Oswal has buy call on Adani Ports & Special Economic Zone with a target price of Rs 1050.0. The current market price of Adani Ports & Special Economic Zone Ltd. is Rs 813.35.

Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 175187.27 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 30-09-2023, the company reported a Consolidated Total Income of Rs 6951.86 Crore, up 4.84 % from last quarter Total Income of Rs 6631.23 Crore and up 23.07 % from last year same quarter Total Income of Rs 5648.91 Crore. Company reported net profit after tax of Rs 1715.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 65.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 13.83 per cent, DIIs 13.22 per cent.