The stock of this company of Gautam Adani may rise by 65%! Brokerage houses gave this target

Adani Ports & SEZ Share Price: The stock of Adani Group company Adani Ports & SEZ can give returns of up to 65 percent to its shareholders. Nuvama Institutional Equities, while giving outperform rating, has said that Adani Ports shares may see a strong rise and the stock may go up to Rs 1960 with a jump of 65 per cent from its price level. Brokerage houses had participated in the company’s Investors Day, after which the target price of the stock has been increased.

Vizhinjam first semi-automated port

Nuvama Institutional Equities said in its report, by the year 2030, the handling volume capacity of Adani Ports will increase to 1 billion tonnes with an annual growth of 12 percent. Logistics (container and non-container) will contribute significantly to the company’s revenue. There will be a major increase in technology advancement in ports and logistics operations in which Vizhinjam Port located in Kerala will be the first port in South East Asia which will be semi-automated. This will further strengthen the balance sheet of the company.

Increase in Adani Ports possible up to 65 percent

Due to this report of Nuvama, the stock of Adani Ports has opened to Rs 1211.65 from the previous closing price of Rs 1190 and is trading at Rs 1194.50. Nuvama says that the stock can go up to the level of Rs 1960, that is, a rise of 65 percent is possible in the stock from the current level. Apart from Nuvama, Kotak Institutional Equities has also advised to buy the stock with a target of Rs 1630. Whereas Motilal Oswal Financial Services has given a target of Rs 1530.

Stock slipped 28 percent from high

Adani Ports stock is trading 28 percent below its high of Rs 1621. Whereas in America, there has been a big fall in the stock after allegations of bribery against the Adani Group company came to light. In three months, the stock had fallen 33 percent from its high of Rs 1500 to Rs 995 on November 21, 2024. Despite this, the stock has given a return of 16 percent to its shareholders in 2024.

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