29-Oct-2026 07:48:23
ADANIPORTSExpansion
NUVAMA ON ADANI PORTS ; BUY | TP ₹2,170 (EARLIER ₹2,000)
• Nuvama maintains Buy rating on Adani Ports and raises target price to ₹2,170 from ₹2,000. • Q2 Performance: Revenue UP 24% YoY; EBITDA UP 25% YoY; Adjusted PAT UP 13% YoY, beating Street estimates. • International Ports: EBITDA UP 236% YoY, reflecting strong overseas performance. • Domestic Ports: Revenue UP 13% YoY. • FY27–28 Outlook: Nuvama raises EBITDA estimates by 4% for FY27 and 2% for FY28. • Growth Drivers: Higher guidance and capacity expansion support future growth. • Impact: Positive 🟢
ADANI PORT & SEZ LTD