ICICI Direct has buy call on Adani Ports NSE -0.76 % & Special Economic Zone with a target price of Rs 900. The current market price of Adani Ports & Special Economic Zone is Rs 756.35.
Time period given by analyst is one year when Adani Ports & Special Economic Zone Ltd. price can reach defined target.
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 30-06-2021, the company reported a Consolidated Total Income of Rs 4938.43 Crore, up 21.27 % from last quarter Total Income of Rs 4072.42 Crore and up 79.61 % from last year same quarter Total Income of Rs 2749.46 Crore. Company reported net profit after tax of Rs 1302.55 Crore in latest quarter.

Investment Rationale
With its several cash generating assets, diversified cargo mix and overall leadership in Indian ports, the brokerage initiates coverage with a BUY recommendation.

Promoter/FII Holdings
Promoters held 63.6 per cent stake in the company as of June 30, 2020, while FIIs held 17.1 per cent, DIIs 4.3 per cent and public and others 15.1 per cent.

Source: Economic Times