Adani Ports Share Price Target 2025, Prediction: 120% RETURN! Citi bets BIG on Gautam Adani's company

April 02,2024

Adani Ports Share Price news: Stocks of Adani Ports and Special Economic Zone Limited (APSEZ) is in focus on Tuesday i.e. April 2, 2024, after the country's largest port operator surpassed its cargo volume guidance of 370 MMT - 390 MMT provided at the start of the financial year 2023-24. The company handled its highest-ever monthly cargo volumes of over 38 MMT in March 2024. During FY24, more than one-fourth of all India cargo volumes were routed through APSEZ ports.

Stocks of Gautam Adani-led company climbed by more than 1.6 per cent on Tuesday. Stocks of this port operator opened at Rs 1,397.80 vs the previous closure of Rs 1,375.90 on NSE. Around 9:25 am, shares of the company traded at Rs 1,414 apiece, up by Rs 38.10 points or 2.77 per cent, according to NSE.

Adani Ports Share Price Target 2025

Citi has maintained a Buy rating with a target price of Rs 1758. “Opening upside 90-day catalyst watch. Expect strong volume, revenue and EBITDA growth along with good cash flows in Q4. Emerged stronger post a short-seller report last year with strong business momentum, reduced leverage and increased market dominance. Believe these valuations leave ample room for upside given quality and scale of underlying business,” the brokerage firm added.

Adani Ports Share Price History

Adani Ports and Special Economic Zone Limited (APSEZ) is a constituent of S&P BSE 100. According to BSE analytics (as of April 2, 2024), the shares of Adani Ports up by 4.11 per cent in the last one month. On a YTD basis, the stocks of the Gautam Adani-led company gained by 31.30 per cent. In the last one year, the shares of the port services company up by 117.80 per cent. In the past 5 years and 10 years, the shares of the company climbed by 259.85 per cent and 639.81 per cent, respectively.

Adani Ports Dividend History

A dividend is a company's reward to its investors for their investment in the business. It is paid in cash from earnings. Last year, Adani Ports announced a dividend of Rs 5 with an ex-date on July 28. In 2022, the company declared a dividend of Rs 5 with an ex-date on July 14. Similarly in 2017, 2018, 2019, 2020 and 2021, the Gautam Adani-led company announced dividends of Rs 1.3, Rs 2, Re 0.2, Rs 3.2 and Rs 5 with an ex-date on July 31, July 26, July 26, March 16 and June 24, respectively. The company had announced its first dividend in 2008 of Rs 1.5.