Shares of Adani Ports and Special Economic Zone (APSEZ) have experienced a significant rally, climbing 30% over the past six months and currently trading near their record high of Rs 1,891.80, achieved on July 3, 2026. This bullish trend has prompted leading financial brokerages to issue optimistic forecasts for the Adani Group stock.
HSBC Projects Rs 2,200 Target Price for Adani Ports
Global brokerage HSBC has reiterated its 'Buy' rating for Adani Ports, raising its target price from Rs 1,950 to Rs 2,200. This upward revision is driven by strong growth prospects, a healthier balance sheet, and the company's expanding logistics operations. HSBC anticipates that APSEZ will solidify its leadership in India's ports sector over the next few years.
The brokerage projects Adani Ports' market share in India's cargo handling business to increase from 13% in FY26 to 17% by FY31. This growth is expected to be fueled by ongoing capacity expansion, higher cargo volumes, strategic acquisitions, and new greenfield projects. HSBC also highlighted the benefits of APSEZ's integrated logistics business, which complements its port operations and diversifies revenue streams. The firm expects Adani Ports to report an EBITDA of nearly Rs 49,000 crore by FY31, exceeding Bloomberg consensus estimates by approximately 5%.
Motilal Oswal Also Bullish on APSEZ Outlook
Echoing the positive sentiment, domestic brokerage Motilal Oswal has also issued a 'Buy' call on Adani Ports, setting a price target of Rs 2,130. Motilal Oswal noted the company's consistent healthy performance, supported by robust growth in international port operations and its marine business. The logistics segment has also emerged as a key growth driver, benefiting from significant improvements in network scale and last-mile connectivity, further enhancing port operations.
Motilal Oswal forecasts an 11% growth in cargo volumes for APSEZ over FY26-28. This is expected to drive a compound annual growth rate (CAGR) of 17% in revenue, 18% in EBITDA, and 22% in profit after tax (PAT) during the same period.
Technical Indicators and Market Performance
Technically, Adani Ports stock is trading above its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, indicating strong upward momentum. However, its Relative Strength Index (RSI) stands at 52.5, suggesting it is trading in the overbought zone. The stock has experienced high volatility over the last year, with a beta of 1.49. In the current session, the firm's market capitalization stood at Rs 4.23 lakh crore, with 0.34 lakh shares changing hands, amounting to a turnover of Rs 6.25 crore.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.