Updated Mar 15, 2021 | 18:36 IST
GPL is the second-largest non-major port in Andhra Pradesh on the east coast of India. Representational Image
UBS in their latest report maintains BUY with a target price of Rs 640 per share on Adani Ports and Special Economic Zone (APSEZ). UBS says the market leadership position of Adani Ports is strengthening. East-west parity and differentiated capabilities will cement market dominance.
Expanding footprint in the east will further drive market share gains and pan-India presence. According to UBS, market concerns around group financials are progressively resolving and overall the higher multiple up from 16x is reflective of the company s improved competitive position.