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The Economic Times
The Economic Times
Veer Sharma

Adani Ports shares shed 3% after Q1 results. Here's why Nomura and other brokerages see up to 24% upside

Adani Ports Adani Nomura APSEZ Adani Ports and Special Economic Zone Adani Group Motilal Oswal Nuvama

Shares of Adani Group firm Adani Ports and Special Economic Zone (APSEZ) declined 3% to Rs 1,675.55 on the BSE on Thursday after the company reported a net profit of Rs 3,620 crore for the first quarter of FY27, up 9% from Rs 3,315 crore in the same period last year.

The company's revenue from operations rose 18.5% year-on-year (YoY) to Rs 10,821 crore from Rs 9,126 crore in the corresponding quarter of the previous financial year, Adani Ports said in a regulatory filing.

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