Brokerage firm Macquarie on Tuesday, March 11, projected a nearly 32% upside on Adani Ports and Special Economic Zone Ltd. from its previous closing price.The brokerage initiated coverage, with an “outperform” rating on the stock with a target price of ₹1,500 per share.
It said Adani Ports is well-positioned to capitalise on India’s long-term growth potential due to the thematic alignment of its businesses with the nation’s development.
A diversified mix between ports and cargo will support further resilience in a weak market and the increasingly integrated nature of logistics offerings will also aid further customer retention, according to Macquarie.The brokerage also believes that the visibility of healthy recurring operating cash flows remains high and is supported by its mix and customer partnerships.
All 18 analysts that have coverage on the stock have a “buy” rating on it.

Last week, the company said the total cargo volume it handled in February increased by 3% from last year to 36.5 million metric tonne (MMT) from the previous year.

This was driven by 16% increase in container volumes and 12% rise in liquids and gas volumes from the previous year.

Adani Ports has handled 408.7 MMT cargo volume in all of financial year 2025 till February. This is 7% more than it did in the previous financial year.

Adani Ports shares ended the previous trade session 0.61% lower at ₹1,137.5 apiece. Adani Ports shares were trading 0.44% lower at ₹1,137.85 apiece. at 9.30 am on Tuesday, March 11.

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