Time period given by analyst is intraday when Adani Ports & Special Economic Zone price can reach defined target. .
Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 158582.86 Crore) operating in Shipping sector.
Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 4938.43 Crore, up 21.27 % from last quarter Total Income of Rs 4072.42 Crore and up 79.61 % from last year same quarter Total Income of Rs 2749.46 Crore. Company reported net profit after tax of Rs 1302.55 Crore in latest quarter.
Investment Rationale
Price close above previous intermediate highs after a higher base at the 13 days EMA
Promoter/FII Holdings
Promoters held 63.6 per cent stake in the company as of June 30, 2020, while FIIs held 17.1 per cent, DIIs 4.3 per cent and public and others 15.1 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
