Buy Adani Ports Special Economic Zone, target Rs 400: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Adani Ports Special Economic Zone Ltd
with a target price of Rs 400
The current market price of Adani Ports Special Economic Zone Ltd
is Rs 387.3 Time period given by the analyst is Intra Day when Adani Ports Special Economic Zone Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 380 Adani Ports Special Economic Zone Ltd., incorporated in 1998, is a largecap company
with a market cap of Rs 80207.96 crore. Adani Ports Special Economic Zone Ltd
key Products/Revenue Segments include Income from Port Services which contributed Rs 3514.14 Crore to Sales Value (53.78 % of Total Sales),
Containers which contributed Rs 2259.15 Crore to Sales Value (34.57 % of Total Sales), Infrastructure Leasing Income which contributed Rs
596.35 Crore to Sales Value (9.12 % of Total Sales) and Other Operating Revenue which contributed Rs 164.18 Crore to Sales Value (2.51 % of
Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 2411.03 Crore, down -24.25 % from last quarter Sales
of Rs 3182.86 Crore and down -12.17 % from last year same quarter Sales of Rs 2745.14 Crore Company has reported net profit after tax of Rs
697.40 Crore in latest quarter
Mr.Sanjay Lalbhai, Ms.Radhika Haribhakti, Prof.Ganesan Raghuram
Company has Deloitte Haskins Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 2,070,951,761 shares outstanding.