ICICI Direct has buy call on Adani Ports & Special Economic Zone with a target price of Rs 835. The current market price of Adani Ports NSE 0.57 % & Special Economic Zone is Rs 801.15. Time period given by analyst is Intra Day 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 169253.91 Crore) operating in Shipping sector.
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Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4417.87 Crore, down -.11 % from last quarter Total Income of Rs 4422.73 Crore and up 8.48 % from last year same quarter Total Income of Rs 4072.42 Crore. Company reported net profit after tax of Rs 970.47 Crore in latest quarter.
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Investment Rationale Breakout above last 10 weeks range with base around 52 weeks EMA and MACD in buy mode.
Promoter/FII Holdings
Promoters held 66.02 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.24 per cent, DIIs 15.05 per cent.
