Outperform Adani Ports & Special Economic Zone Ltd. with a target of Rs 310 – Credit Suisse

Credit Suisse has Outperform call on Adani Ports & Special Economic Zone Ltd. with a target price of Rs 310 . The current market price of Adani Ports & Special Economic Zone Ltd. is 264.1 . Time period given by analyst is year when Adani Ports & Special Economic Zone Ltd. price can reach defined target. More than half of the growth over FY16-19E is likely to be driven by containers. Completion of CTIV, Ennore, Hazira scale-up, Katupalli acquisition should drive container volumes, said the Credit Suisse report. The second quarter balance sheet may provide additional visibility on capital deployment and loan reduction. Strong asset profile will drive sustainable growth.