Motilal Oswal has issued an investment advice in Adani Ports, a company of Adani Group. The brokerage house had released its report for the company on 19 September. The report recommends investing in the stock with a target of 1850. In Friday's trading, the stock of Adani Ports closed at the level of 1438 with a gain of more than 2 percent. That is, even after this increase, the stock is expected to rise by another 29 percent.

What is special in the report
 

According to the report, Adani Ports has handled 183 MMT cargo volume between April and August 2024. Volume in the first quarter has increased by 7 percent as compared to last year. However, the strike between April and May and the weather in Kutch in the month of August affected the business. Despite all these challenges faced in the first half, the management has not made any change in its volume guidance. The report estimates that cargo volume may see a growth of 11 percent between FY 2024 and 26. With these indications, advice has been issued to invest in the stock. How was the performance of the stock The stock was trading below the level of 850 a year ago, currently the stock is above the level of 1400. That is, the stock has given a return of more than 75 percent in a year. In the year 2024, the stock has given a return of 40 percent. However, there is pressure on the stock in the short term. The stock had crossed the 1400 level on 23 May on the basis of closing. On August 1, the stock reached close to the 1600 level. However, since then pressure has been seen in the stock.