Mumbai, India – Shares of Adani Ports and Special Economic Zone (APSEZ) rallied on June 5, 2026, nearing their all-time record high as positive brokerage outlooks and robust operational performance fueled investor confidence. The stock gained over 1% to close at Rs 1,812, recovering from a two-session decline.
Adani Ports Records Strong Performance
The latest surge follows a period of impressive growth for India's largest private sector port operator. Adani Ports reported a significant 16% year-on-year increase in cargo traffic for May 2026, handling a total of 48.3 million metric tonnes (MMT). This growth was primarily driven by a 33% rally in liquid cargo volumes and a 17% rise in container traffic. This strong performance builds on an equally robust 15% year-on-year growth recorded in April 2026, effectively countering bearish sentiment around the Adani Group counter.
The company's financial results for Fiscal Year 2026 (FY26) also painted a strong picture, with record highs across key metrics. APSEZ achieved an EBITDA of Rs 24,970 crore, a revenue of Rs 40,854 crore, and a net profit of Rs 12,806 crore. These strong earnings have significantly boosted market sentiment towards the stock, which previously hit its record high of Rs 1,843 on May 27, 2026.
Brokerages Raise Price Targets
Global brokerage firm Jefferies has maintained a "Buy" rating on Adani Ports, raising its price target to Rs 2,160. The firm increased its FY28E-29E EBITDA estimates by 3-5% and projected a 15% FY26-31 EBITDA Compound Annual Growth Rate (CAGR), up from its previous estimate of 13%.
Jefferies highlighted several growth drivers, including the potential for market share gains at Gujarat and Maharashtra Container Ports due to an anticipated demand-supply gap. Furthermore, the Vizhinjam port in Kerala is expected to provide incremental upside by enhancing market share in southern India through reduced transit times and lower costs for EXIM (export-import) cargo. The brokerage also noted that Adani Ports' strong cash flows enable both growth capital expenditure and potential deleveraging simultaneously.
Separately, Goldman Sachs also reaffirmed its "Buy" rating on Adani Ports, increasing its target price for the stock to Rs 1,870.
Trading Activity and Technical Indicators
On June 5, 2026, approximately 0.57 lakh shares of Adani Ports were traded, amounting to a turnover of Rs 10.37 crore. The Adani Group stock has demonstrated high volatility over the past year, with a beta of 1.9. Technically, the stock is currently trading above its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, indicating a positive short-to-long term trend. The Relative Strength Index (RSI) for Adani Ports stands at 59.4, suggesting the stock is neither in the oversold nor overbought zone, signaling a neutral to bullish momentum.