Adani Ports shares rise 2% on record August cargo volumes, brokerages bullish
Adani Ports stock jumps to an intraday high of ₹1,710.80 from ₹1,672.70 previous close
On Thursday, Adani Ports' stock price surged by over 2% following the company's announcement of record cargo volumes of 50 MMT in August 2026. This performance was met with positive commentary from brokerages, which bolstered expectations of robust earnings growth. The stock traded at ₹1,706.40 on the NSE, reaching an intraday high of ₹1,710.80 from the previous close of ₹1,672.70.
Kotak Securities revised its rating on Adani Ports to 'buy' from 'add' and retained a target price of ₹2,000, citing key overhangs easing and significant expansion opportunities at Mundra and Colombo. JM Financial projected Adani Ports to surpass its FY27 EBITDA guidance of ₹250-260 billion, estimating it at ₹262 billion, with an 'add' rating and a target price of ₹1,935.
HSBC maintained a buy rating and a target price of ₹2,200, noting the Mundra empty-container yard strike as a potential congestion risk. Nomura kept its buy rating and a target price of ₹2,080, highlighting record cargo traffic in August and expecting strong logistics growth in FY27. JPMorgan upgraded its rating to 'overweight' with a target price of ₹2,000, citing strong volume growth and the recent correction presenting a buying opportunity.
Macquarie also retained its 'outperform' rating with a target price of ₹1,860, highlighting a sequential recovery in volumes and a positive long-term outlook driven by Adani Ports' execution, expansion plans, and cash flows.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Fresh tomatoes record 158.3% price jump in August – GSS adomonline.com
