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Investec Initiates Coverage on Adani Ports With ‘Buy’ Rating, Sees 23.5% Upside - India Seatrade News
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Investec Initiates Coverage on Adani Ports With ‘Buy’ Rating, Sees 23.5% Upside - India Seatrade News
UK-based brokerage firm Investec has initiated coverage on Adani Ports and Special Economic Zone (APSEZ) with a ‘Buy’ rating and a target price of ₹1,715, indicating a potential upside of 23.5 per cent from the previous closing level. Following the announcement, Adani Ports’ shares were trading nearly 2 per cent higher at ₹1,434.10 on the BSE on Tuesday morning. In its initiation note, Investec said the current valuation of 12x FY28E EV/EBITDA i…
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