Adani Ports Shares Recover as Goldman Sachs Upgrades Target Price
Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price
Image: The Economic Times
Adani Ports and Special Economic Zone shares rose over 1% to ₹1,812 after Goldman Sachs raised its target price to ₹1,870, reaffirming a 'Buy' rating. The brokerage noted a significant increase in cargo volumes, particularly in liquid and container cargo, despite a decline in logistics rail volumes.
- 01Goldman Sachs raised Adani Ports' target price to ₹1,870, reflecting confidence in the stock's performance.
- 02Cargo volumes in May 2026 increased by 16% year-on-year to 48.3 million tonnes.
- 03The company reported a consolidated net profit of ₹3,329 crore for Q4FY26, a 10% increase from the previous year.
- 04Adani Ports' revenue grew by 26% year-on-year to ₹10,737 crore in Q4FY26.
- 05The full financial year PAT rose 16% to ₹12,782 crore, with a topline of ₹38,736 crore.
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Adani Ports and Special Economic Zone (APSEZ) shares saw a recovery of over 1%, closing at ₹1,812 after Goldman Sachs reaffirmed its 'Buy' rating and raised the target price to ₹1,870. The brokerage highlighted a strong performance in cargo volumes, with a 16% year-on-year increase in May 2026, totaling 48.3 million tonnes. This growth was driven by a 33% rise in liquid cargo and a 17% increase in container volumes, although logistics rail volumes fell by 19%. Goldman Sachs attributed the positive outlook to factors such as higher coal volumes linked to Tata Power and the ramp-up of operations at the Vizhinjam transhipment hub. In its Q4FY26 results, APSEZ reported a consolidated net profit of ₹3,329 crore, up 10% from the previous year, and a revenue increase of 26% to ₹10,737 crore. For the full fiscal year, the company's profit after tax reached ₹12,782 crore, marking a 16% rise.
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The rise in Adani Ports shares reflects positive investor sentiment and could influence market confidence in the logistics sector.
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