Adani Group stocks saw strong gains on today, May 2, as market reacted positively to better-than-expected fourth quarter results for FY25. The rally was led by Adani Ports and Special Economic Zone, which climbed 5% to Rs 1,295, and Adani Enterprises, which rose over 3% to Rs 2,372.
Adani Ports jumps 5%
Adani Ports share price was the day’s top gainer among group companies. The company reported a 47.8% year-on-year rise in Q4 net profit to Rs 3,014 crore, beating estimates.
Adani Enterprises rises after 7.5 time profit surge
Shares of Adani Enterprises, the group’s flagship, were up over 3% in Friday’s session. The company posted a 7.5-fold jump in net profit for Q4, driven mainly by a Rs 3,286 crore gain from selling its stake in Adani Wilmar. Even after adjusting for the one-time gain, net profit stood at Rs 1,313 crore.
Adani Green Energy also sees buying
Adani Green Energy shares gained nearly 3% to Rs 931.95 in the intraday session. The company has a market capitalisation of 1.45 lakh crore. It’s 52 week high stands at Rs 2,174.10 and the 52 week low is at Rs 758.00 per share.
Motilal Oswal gives ‘Buy’ call on Adani Ports, Sees 27% upside potential
The brokerage house, Motilal Oswal has maintained a bullish view on Adani Ports & SEZ (APSEZ), reiterating a ‘Buy’ rating and setting a target price of Rs 1,550, implying a 27% upside from the current market price of Rs 1,217. The brokerage expects the company to continue delivering strong growth, backed by rising cargo volumes and a growing logistics network.
Motilal Oswal has maintained a bullish view on Adani Ports & SEZ (APSEZ), reiterating a ‘Buy’ rating and setting a target price of Rs 1,550, implying a 27% upside from the current market price of Rs 1,217. The brokerage expects the company to continue delivering strong growth, backed by rising cargo volumes and a growing logistics network.
It expects cargo volumes to grow 11% over FY25-FY27, resulting in 15% CAGR in revenue, 16% in EBITDA, and 21% in profit during the same period.