AgenciesRelated
Yes Securities has buy call on & Special Economic Zone with a target price of Rs 810. The current market price of Adani Ports & Special Economic Zone is Rs 772.05. 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 157694.70 Crore) operating in Shipping sector.
Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4066.78 Crore, down -17.65 % from last quarter Total Income of Rs 4938.43 Crore and up 18.80 % from last year same quarter Total Income of Rs 3423.16 Crore. Company reported net profit after tax of Rs 932.79 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from trendline resistance and narrow consolidation phase, suggesting bullishness. Further, volumes have been good leading up to the breakout. Technical indicators are also favoring the same.
Promoter/FII Holdings
Promoters held 63.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.29 per cent, DIIs 15.83 per cent.
Adani Ports & Special Economic Zone Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 157694.70 Crore) operating in Shipping sector.
Adani Ports & Special Economic Zone Ltd. key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4066.78 Crore, down -17.65 % from last quarter Total Income of Rs 4938.43 Crore and up 18.80 % from last year same quarter Total Income of Rs 3423.16 Crore. Company reported net profit after tax of Rs 932.79 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from trendline resistance and narrow consolidation phase, suggesting bullishness. Further, volumes have been good leading up to the breakout. Technical indicators are also favoring the same.
Promoter/FII Holdings
Promoters held 63.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.29 per cent, DIIs 15.83 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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