Adani Ports keeps analysts bullish as Q3 earnings beat estimates!
Fri, Feb 2, 2024 11:54 AM

Adani Ports keeps analysts bullish as Q3 earnings beat estimates!

A Flip by Avya Verma
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Adani Ports reported a 64% increase in net profit in Q3, beating analyst expectations and pushing the stock to a fresh 52-week high. Strong power sales and capacity utilization drove this growth. Analysts have a positive outlook on the company, citing robust cargo volumes, expansion plans, and potential for market share gains. The acquisition of Krishnapatnam Port has also raised its cargo volume.

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