Sell Adani Ports & Special Economic Zone, target Rs 384.20: ICICI Direct

ICICI Direct has a sell call on Adani Ports & Special Economic Zone with a target price of Rs 384.20.

The current market price of Adani Ports & Special Economic Zone is Rs 388.05.

Time period given by analyst is intraday when Adani Ports & Special Economic Zone price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 393.20.

Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 80,363.28 Crore) operating in Miscellaneous sector.

Adani Ports & Special Economic Zone key Products/Revenue Segments include Income from Port Services which contributed Rs 4,502.28 Crore to Sales Value (92.28 per cent of Total Sales), Infrastructure Leasing Income which contributed Rs 318.36 Crore to Sales Value (6.52 per cent of Total Sales) and Other Operating Revenue which contributed Rs 58.22 Crore to Sales Value (1.19 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.Malay Mahadevia, Mr.G K Pillai, Mr.Gautam S Adani, Mr.Karan G Adani, Mr.Rajesh S Adani, Mr.Sanjay Lalbhai, Ms.Radhika Haribhakti, Prof.G Raghuram.

Company has SRBC & Co LLP as its auditors.

As on 30-06-2017, the company has a total of 2,070,951,761 shares outstanding.