Jefferies raises Adani Ports TP; sees gains from India trade, logistics growth

ReutersMay 11, 2026 5:31 AM

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Jefferies raises TP on India's Adani Ports and Special Economic Zone APSE.NS to 2,100 rupees from 1,980 rupees; maintains 'buy' rating

Brokerage says APSE's market share rose to 27% in FY26 from 20% in FY21

Expects volumes to grow 8%-9% annually, helped by India's economic growth, government support for coastal shipping and market share gains

Says Adani Ports' existing international portfolio could help it reach its target of 150 million metric tonnes by 2030

"Adani Ports is a high conviction play on India's manufacturing, trade, and logistics transformation at scale, with a portfolio of inimitable port assets," - Jefferies

APSE down 0.6%; benchmark Nifty 50 .NSEI down 1.28% .BO

Twenty-four of 25 brokerages rate the stock "buy" or higher; their median PT is 1,883 rupees - LSEG data

YTD, stock up 20.2%

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