New Delhi: Brokerage firm Motilal Oswal Securities Limited has backed shares of Adani Ports and Special Economic Zone Limited to rise. The financial advisory firm advocated for Adani Ports as the company has expanded its domestic and global business with new ports, terminals and has strengthened its logistics infrastructure. Along with this, work has also been done to increase the revenue. The Adani Group company’s capital expenditure is expected to reach Rs 120 billion in FY 2026. The firm expects the Adani Ports to record an 11 percent growth in cargo volume in FY 2025-27 and increase in its revenue.

Giving a ‘BUY’ rating on Adani Ports, Motilal Oswal predicts company’s EBITDA/PAT and CAGR to grow by 15 to 21 percent........

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