stock price rose over 2 per cent on Thursday after the company reported record cargo volumes of 50 MMT in August 2026, prompting positive commentary from brokerages and reinforcing expectations of strong earnings growth.
At 2.27 pm, the stock traded at ₹1,706.40 on the , after soaring to an intraday high of ₹1,710.80 from ₹1,672.70 previous close.
Kotak Securities upgraded Adani Ports to buy from add and retained a target price of ₹2,000, citing easing key overhangs and meaningful expansion opportunities at Mundra and Colombo. The brokerage said the August cargo print was solid, although it noted that the numbers may have been supported by thermal power producers stocking up on coal.
JM Financial said it believes Adani Ports is on track to exceed its FY27 EBITDA guidance of ₹250-260 billion, with its estimate at ₹262 billion. The brokerage maintained an add rating on the stock with a target price of ₹1,935.
Global brokerages also remained positive on the stock.
HSBC maintained its buy rating and a target price of ₹2,200. However, it flagged the Mundra empty-container yard strike as a potential congestion risk.
Nomura retained its buy rating with a target price of ₹2,080, highlighting record cargo traffic in August. It said FY27 logistics guidance remains intact, while asset-light logistics segments are expected to drive growth during the year.
JPMorgan maintained an overweight rating with a target price of ₹2,000, saying strong volume growth continues and that the recent correction offers a buying opportunity. It also said Adani Ports’ Q1FY27 results remained strong despite the Middle East conflict and retained the company as a top sector pick. JPMorgan added that the ABP stake sale process is advancing, with Adani Ports no longer in contention.
Macquarie retained its outperform rating with a target price of ₹1,860. It said the sequential recovery in volumes was encouraging and did not expect any material market-share loss to major ports. The brokerage remains positive on the long-term outlook, supported by Adani Ports’ execution, expansion plans and cash flows.