Time period given by analyst is three months when Adani Ports & Special Economic Zone Ltd. 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 158399.10 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
Adani Port has been consolidating between Rs 650 and Rs 800 for the last four months. However, this time significant delivery volumes were seen when it was recovering from lower support. The brokerage believes buying interest is increasing in the stock
Promoter/FII Holdings
Promoters held 63.79 per cent stake in the company as of 30-Jun-2021, while FIIs owned 15.72 per cent, DIIs 14.84 per cent.
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