- Adani Ports shares remained under pressure for a second straight session after its fiscal first quarter results, even as HSBC and Nomura retained bullish views, citing resilient port operations, domestic recovery and long-term growth opportunities.
- HSBC maintained its Buy rating on Adani Ports stock with a target price of Rs 2,200 per share, implying an upside of around 28 percent from the previous session's closing price.
- Nomura also reiterated its Buy rating, with a target price of Rs 2,080 per share.
- Nomura expects the company to deliver a 19 percent EBITDA compound annual growth rate (CAGR) between FY26 and FY29, supported by the strength of its core ports business.
Adani Ports has reported a 10% rise in net profit for the first quarter, reflecting strong operational performance. Despite facing share price pressure, HSBC and Nomura have maintained their bullish outlooks, with target prices set at ₹2,200 and ₹2,080 respectively.1234
HSBC's target price suggests an upside of approximately 28 percent from the previous closing price, indicating confidence in the company's growth trajectory. Meanwhile, Nomura anticipates a 19 percent EBITDA compound annual growth rate (CAGR) from FY26 to FY29, driven by the strength of Adani's core ports business.
Despite the positive earnings report, Adani Ports shares have faced pressure for two consecutive sessions, highlighting market volatility. Analysts attribute this resilience to the company's robust port operations and the ongoing recovery in domestic markets, which are expected to bolster long-term growth opportunities.
As the company navigates these challenges, its strategic focus on enhancing operational efficiency and expanding its market presence will be crucial for sustaining investor confidence and achieving projected growth targets.
“Despite a 10% rise in net profit, Adani Ports shares faced pressure, extending losses for a second session. HSBC maintains a Buy rating with a target price of ₹2,200, while Nomura expects a 19% EBITDA CAGR from FY26 to FY29, highlighting growth potential.”
