- Adani Ports reported a 12% increase in cargo volume for June 2024.
- Cargo volume for June reached 37 million tons, marking a 13% year-over-year increase.
- June container volume saw a significant rise of 33% compared to last year.
- Liquids and gas cargo for June were up by 8% year-over-year.
- For the quarter ending June 30, total cargo volume increased by 7.5% year-over-year to 109 million metric tons (MMT).
- Quarterly rail volumes were 156,590 TEUs, a 19% increase year-over-year.
- GPWIS volumes for the quarter stood at 5.56 MMT, up 28% year-over-year.
- Kattupalli Port achieved its highest ever monthly cargo volume of 1.36 MMT in June.
- In terms of analyst ratings: 19 buy recommendations, 2 holds, and no sell recommendations were reported.
Adani Ports & Special Economic Zone on Smartkarma
Analysts on Smartkarma have been actively covering Adani Ports & Special Economic Zone, providing valuable insights for investors. Leonard Law, CFA, shared a bullish sentiment in their report “Morning Views Asia,” highlighting fundamental credit analysis and trade recommendations on high yield issuers, including Adani Ports. Additionally, Brian Freitas discussed Adani Ports’ unexpected inclusion in the SENSEX Index and anticipated a positive short-term effect on the stock.
However, not all analysis has been optimistic. In a report by Leonard Law, CFA, with a bearish lean, Adani Ports’ earnings for FY 2023-24 were slightly above expectations, showing strong revenue and EBITDA growth. Despite this, concerns regarding corporate governance issues at the broader Adani Group may impact the company’s performance. The diverse analyst coverage on Smartkarma provides investors with a comprehensive view of Adani Ports & Special Economic Zone‘s position in the market.
A look at Adani Ports & Special Economic Zone Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Adani Ports & Special Economic Zone is expected to have a stable long-term outlook, with moderate scores across key areas. With a balanced score of 3 for Value, Dividend, and Growth, the company shows potential for steady performance and growth. However, its Resilience score of 2 indicates a slightly lower ability to withstand economic fluctuations. The Momentum score of 3 suggests a consistent level of market interest and activity surrounding the company. Overall, Adani Ports & Special Economic Zone‘s Smart Scores point towards a company with sound fundamentals and growth prospects in the coming years.
Adani Ports & Special Economic Zone, operating a significant shipping port on the west coast of India, offers services for various types of cargo, including bulk, containers, and crude oil. The company also provides railway services and other additional offerings. With an overall positive Smart Score profile, Adani Ports & Special Economic Zone is positioned to maintain its position as a key player in the shipping and logistics industry, leveraging its strategic location and diverse service portfolio to drive continued growth and value creation for investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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