InvestorQ : View on Adaniport.y it's still in consolidation.
Aravind made post

View on Adaniport.y it's still in consolidation.

Answer
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NISHA Nayak answered.
1 year ago


Adani Ports had touched a peak of Rs.430 in May this year but has since corrected more than 20% from that level. While the valuations are still a tad rich, the company already has the largest commercial port in India and is developing 9 other ports. Mundra continues to be more than 60% of the volumes even in the latest quarter but you can look at Adani Ports as a play on trade expansion and on the fast-growing logistics space. The stock may consolidate in this range for another couple of months before you can anticipate any price movement.