Adani Ports of Adani Group has now joined the list of companies on Dalal Street on which there is no opinion of Sell. Out of the 17 analysts who have included this stock in coverage, 15 have given the opinion of Buy. At the same time, 2 analysts have advised to hold the stock. The company has released the results of the July-September quarter of the financial year 2024 a day earlier. The company's results in the second quarter were as per the estimates of analysts. After the results, the company also said that it is in a better position and will be able to almost meet the core profit estimate in the financial year 2025.

The country's largest private port operator has once again reiterated its guidance of cargo volume of 460 million metric tonnes (MMT) - 480 MMT in the financial year 2025. In the second quarter, the company's volume has seen a growth of 10%. After the results were released, many leading brokerage firms have issued notes on the company.

How bullish are analysts on the stock?
Brokerage firm Nuvama Institutional Equities said in its note on Adani Ports that the company is delivering growth on all parameters. Also, capacity expansion will help the company to increase volume. Going forward, the company's income will grow and margins will also expand. The brokerage firm says that acquisitions and capacity addition at the port will lead to many years of major growth in logistics. During the financial year 2024 - 27, the company's income is expected to grow by 13%, EBITDA by 15% and profit by 21%. Nuvama has set a target price of ₹2,000 per share with a Buy rating on the stock. Morgan Stanley has set a target price of ₹1,648 per share on Adani Ports, keeping an Overweight opinion. The brokerage firm said that the company's balance sheet and cash flow are showing strength. Maintain guidance for FY25. Port business income has seen growth of 10% and EBITDA of 13%. Logistics income has seen growth of 22% and logistics EBITDA has seen growth of 7%. Net-to-date has seen a two-fold improvement. CLSA has set a target of ₹1,764 per share on this stock with an Outperform rating. In the first half of FY25, traffic at Mundra port grew by 18% year-on-year. Other ports have seen growth of 9%. The company's diversified mix boosted the results in the second quarter. UBS has set a target price of ₹1,700 per share with a Neutral opinion on this stock. The brokerage firm said that Colombo and Vizhinjam ports can be a positive surprise. The main driver for growth will be container volume. However, Gangavaram port has been slightly weaker than the trend in the second quarter. Coal volume is stable and growth is being seen in the logistics business. This stock has grown more than 33% so far this year.