Goldman Sachs, Jefferies, Nomura & HSBC Maintain Buy on Adani Ports; Target Prices Up to ₹1,980
Adani Ports and Special Economic Zone received Buy ratings from Goldman Sachs (₹1,710), Jefferies (₹1,980), Nomura (₹1,930), and HSBC (₹1,950) following a strong Q4 marked by +13% cargo volume growth, ~66.4% port margins, and EBITDA beats. FY27 management guidance of 11–16% revenue and 9–14% EBITDA growth, along with capacity expansion to 1,000MT by 2030 and $9bn M&A headroom, underpin the broadly positive outlook.
Adani Ports Sees Rs. 40.65 Crore Block Trade on NSE at Rs. 1623.80 Per Share
Adani Ports and Special Economic Zone Ltd. executed a major block trade on NSE worth Rs. 40.65 crores, involving approximately 250,345 shares at Rs. 1623.80 per share. The transaction indicates significant institutional activity and strategic investment interest in the port infrastructure company.
Adani Ports & SEZ Records Rs. 113.40 Crore Block Trade on NSE
Adani Ports and Special Economic Zone Ltd. recorded a major NSE block trade worth Rs. 113.40 crores involving 709,209 shares at Rs. 1598.90 per share. The transaction represents significant institutional activity and demonstrates substantial market participation in the port operator's stock.
21Apr 26
Adani Ports & SEZ Records ₹171 Crore Block Trade on NSE
Adani Ports & SEZ Limited witnessed a major block trade worth ₹171 crores on NSE involving 10,78,044 shares at ₹1586.90 per share during market opening. The large-volume institutional transaction reflects continued investor interest in the port infrastructure company. Block trades typically represent strategic investment decisions by institutional players and are executed to minimize market impact.
16Apr 26
Adani Ports Sees Rs. 54.41 Crore Block Trade on NSE at Rs. 1531.50 Per Share
Adani Ports and Special Economic Zone Ltd. recorded a major block trade on NSE worth Rs. 54.41 crores, involving approximately 355,255 shares at Rs. 1531.50 per share. The transaction reflects significant institutional activity and demonstrates substantial investor interest in the port infrastructure company.
16Apr 26
Adani Ports Records ₹141.28 Crore Block Trade on NSE
Adani Ports and Special Economic Zone Ltd recorded a significant block trade worth ₹141.28 crores on NSE, involving approximately 923,781 shares at ₹1,529.40 per share. The transaction indicates institutional trading activity and represents substantial volume movement through off-market mechanisms.
Macquarie has maintained its Outperform rating on Adani Ports and Special Economic Zone while raising the target price to ₹1,860, driven by higher FY27-28 volume and earnings estimates. The positive outlook is supported by NQXT consolidation adding 40MMT capacity, international operations scale-up, and stronger transshipment and coal volumes. The company is expected to achieve 18% revenue growth and 25% logistics/marine segment growth despite potential near-term volume disruptions.
Adani Ports Warns of Short-Term Margin Pressure from DG Shipping Fee Waivers
Adani Ports & SEZ has warned of short-term profit margin pressure resulting from shipping fee waivers mandated under DG Shipping rules. While these regulatory requirements will compress margins, the company expects volume recovery across its port operations to partially offset the negative financial impact.
06Apr 26
Goldman Sachs Maintains Buy Rating on Adani Ports with Target Price ₹1,710
Goldman Sachs maintains Buy rating on Adani Ports and Special Economic Zone with target price ₹1,710, down from ₹1,740. The recommendation is supported by strong March volume growth of 11% YoY led by container segment expansion, Haifa port ramp-up progress, and improved coal business outlook. The investment bank projects cargo volumes above 500 MMT for FY26, though earnings estimates have been trimmed 2-3% due to Middle East disruptions.
06Apr 26
Nomura Maintains Buy Rating on Adani Ports with ₹1,850 Target Price on Strong Cargo Growth Outlook
Nomura maintains its Buy rating on Adani Ports and Special Economic Zone with a ₹1,850 target price, citing strong operational growth prospects. The brokerage projects 11% YoY cargo growth to 501MT in FY26, driven by 19% container growth, alongside expected 14% revenue and 13% EBITDA growth in 4QFY26. Despite a modest 1% EBITDA cut due to war-related headwinds, the attractive valuation at 11x FY28F EV/EBITDA supports the positive investment recommendation.
The Finance Ministry has reduced customs duty on SEZ goods sold domestically to 5-12.5% for one year, but official sources confirm petroleum and food products are excluded from this concessional scheme. This creates sector-specific limitations affecting major companies like Reliance Industries operating petroleum facilities in SEZs.
Investec Maintains Buy Rating on Adani Ports with ₹1,850 Target Price on Expansion Plans
Investec has maintained its Buy rating on Adani Ports and Special Economic Zone with a target price of ₹1,850, driven by the company's aggressive expansion plans. Key highlights include a major capacity expansion at Vizhinjam port, increasing capacity more than three times to 5.7 million TEUs with ₹10,000 crore investment, and a strategic LNG bunkering partnership with BPCL. The multi-port expansion across Mundra, Dhamra, Katupalli, Kandla, and Colombo is expected to strengthen the company's transshipment positioning and growth prospects.
HSBC Maintains Buy Rating on Adani Ports, Cuts Target Price to Rs 1800 on Middle East Exposure Concerns
HSBC has maintained its Buy rating on Adani Ports and Special Economic Zone while reducing the target price from Rs 1850 to Rs 1800 due to Middle East exposure concerns. The brokerage trimmed FY26-28e EBITDA estimates by 3-6% but noted offsetting positives including higher thermal coal volumes, rerouted containers, capacity expansion, and take-or-pay contracts. Despite near-term headwinds, HSBC expects improving ROCE to support potential stock rerating.