Adani Ports and Special Economic Zone532921Ports and logistics
Technical analyst recommends buying Adani Ports with stop loss below 1800 for targets beyond 1950; Nomura maintains buy with target price Rs 2,150 citing strong cargo traffic growth
By ScoutQuest · · 1 min read
- Buy stop loss
- 1800
- Buy target
- beyond 1950
- Nomura target price
- Rs 2,150
- October cargo traffic growth
- 27 percent year-on-year
- Year to date volume
- 51 metric ton
Heard on business television between 09:04:22 - 09:07:22 IST.
- Analyst said Adani Ports made a support base around its 200 day EMA and resumed high-top-high-bottom price pattern supported by good volume.
- Recommended buying with stop loss below 1800 for targets beyond 1950.
- Nomura maintained buy rating with target price of Rs 2,150, citing October cargo traffic growth of 27% year-on-year to 51 metric ton year to date, volumes reaching 331 MT supporting a 578 MT full year forecast.
- Containers grew 21% for the year and dry cargo 36% in October; logistics rail volumes improved 4% for the year.
- Nomura expects 19% EBITDA CAGR over FY26-29 led by ports, logistics and marine businesses; FY27 logistics guidance remains intact.
- Guest Parag noted the annuity cash flow nature of the business, market cap of 4,25,000 crore, EBITDA around 27,000 crore, net debt to EBITDA at 1.8x, and 5% cash flow yield growing at 18-19%.
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The call above is Nomura's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.