Nomura has raised its target price on Adani Ports and Special Economic Zone to Rs 2,080 from Rs 1,850, while retaining its Buy rating. The revised target suggests a potential upside of about 15% from current levels. The brokerage also marginally increased its FY27 and FY28 EBITDA forecasts, driven by expectations of a more favorable revenue mix. However, it flagged slower cargo volume growth and escalating geopolitical tensions as key risks to the outlook.
Nomura has increased its target price for Adani Ports and Special Economic Zone by 12% to Rs 2,080, up from Rs 1,850, while reiterating its 'Buy' rating. This new target suggests a potential upside of approximately 15% from current levels. The brokerage also slightly raised its…
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