Buy Adani Ports & SEZ, target Rs 366: Kunal Bothra

Independent Analyst, Kunal Bothra has a buy call on Adani Ports & Special Economic Zone Ltd. with a target price of Rs 366.0 .The current market price of Adani Ports & Special Economic Zone Ltd. is Rs 353.95 Time period given by analyst is Intra Day when Adani Ports & Special Economic Zone Ltd. price can reach defined target. Kunal Bothra maintains stop loss at Rs 347.5 .

Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of ₹ 73301.34 Cr.) operating in Miscellaneous sector.

Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services which contributed ₹ 3493.67 Cr to Sales Value (75.44 % of Total Sales), Infrastructure Leasing Income which contributed ₹ 828.05 Cr to Sales Value (17.88 % of Total Sales) and Other Operating Revenue which contributed ₹ 309.03 Cr to Sales Value (6.67 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 2226.62 Cr., up 2.34% from last quarter Sales of ₹ 2175.77 Cr. and up 31.62% from last year same quarter Sales of ₹ 1691.71 Cr. Company has reported net profit after tax of ₹ 839.60 Cr. in latest quarter. The company’s CEO is Mr.Gautam S Adani. It's Board of Directors include Ms.Dipti Shah, Mr.B Ravi, Mr.Karan Adani, Ms.Dipti Shah, Dr.Malay Mahadevia, Mr.G K Pillai, Mr.Gautam S Adani, Mr.Rajesh S Adani, Mr.Sanjay Lalbhai, Ms.Radhika Haribhakti, Prof.G Raghuram. Company has its registered office at "Adani House",, Near Mithakhali Six Roads,, Navrangpura, Ahmedabad, 380009, Gujarat. Company has SRBC & Co LLP as its auditors. As on 31-03-2017, the company has a total of 2,070,951,761 shares outstanding.