Adani Ports shares were quoted at ₹1,851 on the National Stock Exchange in mid-morning trading on October 29, 2026, after the port operator reported higher quarterly earnings and raised its full-year guidance.

Key Takeaways

  • The reported intraday gain was 3.88%, although the quoted price and previous close do not match that percentage.
  • Adani Ports reported a 24% year-over-year rise in quarterly revenue and increased its FY27 forecasts.
  • Three brokerages issued Buy recommendations following the results.

Adani Ports shares and brokerage calls

The reported 3.88% gain does not match the stated price of ₹1,851 and previous close of ₹1,761.30. The quote was an intraday observation, not a closing price. By around noon, more than 42 lakh shares had changed hands, with trades worth ₹778.73 crore.

Motilal Oswal maintained its Buy rating with a ₹2,130 price target. JM Financial upgraded the stock to Buy with a ₹2,065 target, citing stronger-than-expected international port profitability and performance at Mundra.

Elara Securities upgraded the shares to Buy from Accumulate and raised its target to ₹2,107 from ₹1,883. The share-price move followed the results and brokerage changes, but the available information does not establish a definitive cause.

Quarterly growth and revised guidance

In its second-quarter results announcement, Adani Ports reported consolidated revenue of ₹11,340 crore for the quarter ended September 30, up 24% from a year earlier. EBITDA rose 23% to ₹6,807 crore, while profit after tax increased 18% to ₹3,682 crore.

International ports EBITDA rose 236% year over year, with a margin of 47.7%. The company attributed the segment’s performance to the ramp-up of Colombo West International Terminal and Tanzania operations, as well as a contribution from Australia’s North Queensland Export Terminal.

Management raised its FY27 revenue guidance by ₹1,000 crore to ₹44,000–46,000 crore and its EBITDA guidance by ₹1,000 crore to ₹26,000–27,000 crore. Capital expenditure guidance increased by ₹3,000 crore to ₹15,000–17,000 crore. These figures are forecasts, not completed results.

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