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UK’s Investec initiates coverage on Adani Ports, sees up to 23% upside
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY25–30. Adani Ports’ integrated logistics and marine services further enhance long-term growth prospects.
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