- Summary:
- The Adani Ports share price is in a fresh impetus after beating-beating revenues, and the company's growth plans are undergoing a bullish outlook.
Adani Ports ports advanced 4.16% on Friday, with strong income carrying tails. The stock was exchanged at Rs 1,267 at the time of writing, eased from the year-to-date high Rs 1,295 in the Intraday session. It now got 7.1% in the last month and climbed 3.6% year-to-date, underlying bullish control.
Upbeat income, rising capex to affect Adani Ports sharing price
The company, which is part of the Adani Group, reported a 47.8% jump in the Q4 FY2025 net income at Rs 3,014 crore (approximately $ 360 million), urged by 8% increase in freight volume to 117.9 million metric tonnes. In addition, that figure defeated the figure focusing on the consensus of the analysts Rs 2,662 crore (approximately $ 360).
The Adani Ports and Special Economic Zones (NSE: Adaniports) also saw its container volumes growing largely by 23%, while its logistics business brought to Rs 1,030 crore, from Rs 560 crore to the corresponding quarter a year before.
Following the wonderful results, the company announced an Rs 7 per share of the equity of Rs 2. The momentum at Adani Ports shares the price that favors it to stay upside down in the near term, supported by a spike in its trading volume.
The company plans to spend Rs 50,000 Crore ($ 6.02 billion) on Capex over the next five years to hit the target handling of 1 billion metric tonnes per year by 2030. That can eat its liquidity position, and conduct downward pressure on Adani port ports in the long run.
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Adani Ports shares price prediction
The momentum at Adani Ports shares the price that favors the reverse to proceed above the pivot point at Rs 1,277. Stock is likely to meet the first resistance to Rs 1,289. A stronger momentum will break above that level, and it can be sent higher to test the psychological Rs 1,300 barriers.
On the other hand, the destruction below Rs 1,277 will change momentum on the downside. In that case, the first support was probably at Rs 1,260. Destruction below that level will prove the reversal narrative. Additionally, an extended control of the sellers can send a lower price to test Rs 1,249.
