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Street is upbeat on Adani Ports
November 27, 2025
|Mint New Delhi
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Adani Ports and Special Economic Zone Ltd's stock trades at almost twice the price-to-earnings multiple of its Chinese counterparts, based on FY27 estimates. But this has not deterred brokers from making positive recommendations on the stock.
Antique Stock Broking Ltd initiated coverage of Adani Ports on Tuesday with a ‘buy’ rating and a target price of ₹1,773. The stock now trades at about ₹1,510.
There is optimism about Indian port companies after China’s exports shrank in October, the first monthly contraction since March 2024. Moody’s view is that ports in India will benefit from the China-plus one manufacturing strategy. The other reason for the optimism around Adani Ports is its gradual expansion from a domestic port business to an international one and its transition to an integrated logistics company.
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