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Jefferies reduces target prices of Adani Ports and Delhivery
Jefferies reduces target prices of Adani Ports and Delhivery
Jefferies said Mundra's market share gain success story should be replicated across the acquired ports. "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock.
Jefferies said Mundra's market share gain success story should be replicated across the acquired ports. "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock.
Jefferies said Mundra's market share gain success story should be replicated across the acquired ports. "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock. 
