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Adani Ports & SEZ Share Price: Share of this company of Gautam Adani can give tremendous returns!

Adani Ports & SEZ Share Price: You can get great returns on investment in Adani Ports & SEZ, a company of Adani Group. Research firm Nomura India is very bullish on Adani Ports. Nomura India believes that investors can get double digit returns on investment in Adani Ports.

According to Nomura, Adani Ports & SEZ is completely different from other group companies in terms of operational and stock performance due to improvement in governance. Nomura in his note has expressed the expectation of giving up to 22 per cent return of the share of Adani Ports and SEZ and has set a target of going up to the level of Rs 1025. On Tuesday, the stock of Adani Ports & SEZ closed at Rs 842.15, up 0.69 per cent.

Nomura has said in its note that Adani Ports and SEZ needs Rs 23,000 crore for capital expenditure between 2023 and 2025. It has been said in the note that there has been an increase in the cash flow of the company. It was also said in the note that due to limited exposure in group companies, Adani Ports is going to be neutral from any kind of performance of group companies.

The note said that the volume of Adani Ports stood at 91 million tonnes in the April-June quarter, while the monthly volume is between 30 and 31 million tonnes. In such a situation, the company can leave behind the target of 350 to 360 million tonnes in 2022-23.

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