Adani Ports Shocks Market: Buy Signal Ignites! Analyst Sets Aggressive ₹1,773 Target Amidst Global Shifts – Is This India's Next Big Play?

Overview

Antique Stock Broking initiated coverage on Adani Ports and Special Economic Zone Ltd with a 'buy' rating and ₹1,773 target price, bucking high valuation concerns compared to Chinese peers. Optimism is driven by India's port growth prospects, China's export slowdown, and the 'China-Plus-One' strategy. Adani Ports is expanding domestically and becoming an integrated logistics player, targeting 1,000 million tonnes volume by 2030.