13 Oct 2025 | 3 Mins Read
Investec initiates Adani Ports coverage with up to 23% potential gain
Flipitmoney
Investec initiated coverage on Adani Ports and Special Economic Zone with a buy rating and target price of Rs 1,715, implying a 23.5% upside. The brokerage valued the stock at 12x FY28E EV/EBITDA and expects 13% EBITDA CAGR from FY25-30. Adani Ports' shares rose 2% to Rs 1,434.10 after the coverage initiation.