This share of Adani Group is Rs. May cross 1600, making new highs

Shares of Adani Ports rose over 2 percent to Rs. 1441.95 was reached. Adani Ports shares have gained 37% so far this year and more than 93% in a year. Market experts say Adani Ports shares may rise further. According to market experts, shares of Adani Ports can cross Rs.1600. Shares of the company may touch new highs.

Advice to buy shares of the company, Rs. 1650 target
Domestic brokerage firm Kotak Institutional Equities has advised to buy shares of Adani Ports. Kotak Institutional Equities raised its target price on shares of Adani Ports to Rs. 1650 done. That means the company’s shares can rise by around 18 percent from the current level. The brokerage house had earlier priced the company’s shares at Rs. A target price of 1550 was given. Adani Ports, an Adani Group company, has consistently outperformed in FYTD24 (April to January 2024), says Kotak.

The stock doubled its money in 6 months, experts are bullish on its performance

Adani Ports shares have gained 93% in a year
Shares of Adani Ports have jumped more than 93 percent in a year. Share of Adani Ports on June 14, 2023 Rs. was at 739.80. Shares of the company have touched Rs 1441.95 on June 14, 2024. Shares of Adani Ports have jumped nearly 189% in the last 16 months. Adani Ports shares hit a 52-week high of Rs. is 1607.95. At the same time, the company’s shares hit a 52-week low of Rs 702.85.

The stock, once a multibagger, is now ‘off’ trading, leaving over 6 lakh people stranded

Adani Port’s volume grew by 14%
In April-May 2024, Adani Ports’ volumes grew by 14% year-on-year. At the same time, the Indian market has witnessed single digit growth during this period. Over the past decade, Adani Ports has acquired several non-core ports from private companies. Adani Ports has acquired assets in Dhamra, Kattupalli, Krishnapatnam, Gangavaram and Surguja railways.

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