Adani Ports Share Price: Following Adani Ports robust performance in the March quarter, brokerages have raised target prices, with Citi setting a target of Rs 1,782, indicating a 32% upside potential. Adani Ports shares, up 100% in the past year, were trading at Rs 1,344, buoyed by strong Q4 results and optimistic FY25 guidance.
Adani Ports execution capabilities and proven track record of volume ramp-up, providing confidence in cargo growth visibility, said Nuvama Institutional Equities.
Adani Ports and Special Economic Zone declared a dividend of Rs 6 per equity share on Thursday along with their Q4 results. The Adani Group company has declared June 14 as the record date for determining eligible shareholders and the payment will take place on or after June 30.
Adani Ports will witness a 12.4 percent year-on-year decline in net profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore in the corresponding quarter of the previous year.