Reduce Gujarat Pipavav Port with a target of Rs 110: Nomura, India

Nomura, India has reduce call on Gujarat Pipavav Port Ltd. with a target price of Rs 110 . The current market price of Gujarat Pipavav Port Ltd. is Rs 127.9 . Time period given by analyst is year when Gujarat Pipavav Port Ltd. price can reach defined target.
Demonetisation led weak trade to hurt earnings into early FY18. Loss of shipping liners, potential bankruptcy of struggling liners add to volume risks. ADSEZ’s aggressive capacity expansion may lead to further market share losses for GPPV. GPPV’s concession expires in Sept 2028, after which concession terms remain uncertain.