Adani Ports share price: Buy this stock for HANDSOME returns, says Sumeet Bagadia; put Stop Loss at Rs 682, Target Price at Rs 785–Rs 820
Sumeet Bagadia, Executive Director of Choice Broking recommends Buying into Adani Ports. He said Adani Ports should be bought in cash market in the range of Rs 730 – Rs 736 with stop loss of Rs 682 and target of Rs 785 – Rs 820. This stock is showing consolidating on the technical charts near the upper band of the symmetrical triangle pattern, suggesting a northward journey in the counter
HSBC sees Adani Ports as a long-term play on India’s trade and infrastructure growth. Improving free cash flows and unwinding of promoters’ share pledges should act as positive catalysts: Reuters