Adani Ports Share Price Rises as Brokerages Maintain Bullish Stance

Adani Ports & Special Economic Zone Ltd's share price rose by 2.12 percent to close at Rs 1,700 per share after its Q1 FY27 results revealed strong growth and improving cargo mix.

The company's consolidated growth was driven by inorganic additions and improving performance from international operations, according to JPMorgan, which maintained an Overweight rating on Adani Ports with a target price of Rs. 2,000, implying a 20 percent upside from its previous close.

JPMorgan highlighted the shift in cargo mix towards container volumes, which gained a larger share, while coal dependence gradually reduced. The brokerage noted that domestic ports continued to deliver steady performance, and international assets such as NQXT and Colombo became key growth drivers, supporting long-term expansion.

Goldman Sachs also maintained a Buy rating on Adani Ports with a target price of Rs 1,870, citing the company's growth outlook supported by new asset ramp-up and improving financial strength. Macquarie, another brokerage, maintained an Outperform rating with a target price of Rs 1,860.