BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Macquarie Downgrades Adani Ports to Neutral
Macquarie has downgraded Adani Ports and SEZ to 'neutral' for target price of Rs 359 per share. Macquarie says that it sees risk of lower growth and returns and its core business growth is slowing down. Macquarie adds that acquisitions will not be cheap in future and return ratios can weaken by 200 basis points.