This Adani Group stock is a ‘consensus buy’ among analysts; check its recent price targets
Brokerage firm Macquarie on Tuesday, March 11, projected a nearly 32% upside on Adani Ports and Special Economic Zone Ltd. from its previous closing price.
The brokerage initiated coverage, with an “outperform” rating on the stock with a target price of ₹1,500 per share.
It said Adani Ports is well-positioned to capitalise on India’s long-term growth potential due to the thematic alignment of its businesses with the nation’s development.
A diversified mix between ports and cargo will support further resilience in a weak market and the increasingly integrated nature of logistics offerings will also aid further customer retention, according to Macquarie.
The brokerage also believes that the visibility of healthy recurring operating cash…
