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The average analyst price target on Adani Ports available on Bloomberg after the third quarter results stood at Rs 1,301.05, implying an upside of 3.1% over Friday s closing. Analysts said the company s record profit was driven by strong volumes and the growth outlook remains strong. ....
Adani Ports' volume handling capacity has grown four-fold since 2011 as the country's exports and imports surge. The company operates 13 ports and terminals in India, including the largest container handling port in Mundra in the western state of Gujarat.
India s largest ports operator, Adani Ports, reported a 68% growth in its consolidated net profit at Rs 2,208 crore for the quarter ended December. It was Rs 1,315 crore in the same period last year. Revenue from operations in the third quarter rose 44% year-on-year (YoY) to Rs 6,920 crore. ....