MSCI is revising the amount of shares considered freely tradable in the public market for the two companies, with the results to be announced later this week.
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.