Adani Ports gains 2% as Ventura initiates buy rating, sees stock rallying up to Rs 1,674 in one year

Ventura Securities highlighted APSEZ's resilience amidst market volatility, noting a 7% YoY increase in total cargo handled, reaching 332.4 MMT in FY24. This growth was driven by a 19% YoY rise in container volumes. The company also made strategic acquisitions, including Gopalpur Port and an 80% stake in Astro Offshore, further strengthening its offshore capabilities, according to Ventura.