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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 FY2530. Adani Ports integrated logistics and marine services further enhance long-term growth prospects.
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Global finance chiefs are facing renewed US-China trade war fears as President Trump threatens 100% tariffs, shattering hopes for a thaw. The IMF and World Bank meetings are now dominated by concerns over escalating tensions, despite the global economy's surprising resilience. This volatility has injected uncertainty into crucial economic discussions.
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News and Media
Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Groups financial irregularities.
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News and Media
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