Stock to buy: Adani Ports share price jumps after monthly business update

Adani Ports share price traded higher on Tuesday after the company reported a strong monthly business update. Adani Ports shares gained as much as 2.27% to ₹1,109.40 apiece on the BSE.

Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, reported its highest-ever monthly cargo volume in January 2025, showcasing robust growth across key segments.

The billionaire Gautam Adani-led Adani Group company handled 39.9 million metric tonnes (MMT) of cargo during the month, marking a 13% year-on-year (YoY) increase. This surge was primarily driven by a 32% YoY rise in container volumes and an 18% YoY increase in liquids and gas cargo.

For the year-to-date (YTD) period ending January 2025, Adani Ports managed a total cargo volume of 372.2 MMT, reflecting a 7% YoY growth. Containers led the charge with a 20% YoY increase, while liquids and gas saw a 9% rise.

The company’s logistics operations also demonstrated strong performance. Rail volumes reached 0.53 million twenty-foot equivalent units (TEUs), up 9% YoY, and General Purpose Wagon Investment Scheme (GPWIS) volumes climbed 12% YoY to 18.1 MMT.

Should you buy Adani Ports stock?

Adani Ports share price has fallen over 10% year-to-date (YTD) and 30% in six months. The Adani group stock has dropped 13% in one year, but has delivered multibagger returns of 120% in two years.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities, highlighted that Adani Ports shares are currently trading at a structural support level of ₹1,095, indicating a potential accumulation phase.

“Since mid-November, increasing volumes suggest institutional interest, reinforcing the likelihood of a bottoming-out scenario. Adani Ports stock appears oversold, setting the stage for a rebound. However, for immediate momentum, ₹1,120 must be sustained, while a decisive move above ₹1,160 could trigger a sustainable uptrend. Given the technical setup and accumulation signals, we remain bullish on Adani Ports from a medium-term perspective, anticipating a strong recovery as market sentiment improves. Investors should watch key resistance levels for confirmation,” Jain said.

Meanwhile, Adani Ports stock has not given any fresh breakout and is trading in a range.

“Adani Ports stock saw a gap-up opening today. Traders can buy Adani Ports stock on dips at around ₹1,085 - 1,090 level, for a target price of ₹1,125 level. Stop loss should be kept at ₹1,060,” said Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi.

According to him, if Adani Ports shares closes above ₹1,125 on a weekly basis, it may test level of ₹1,180 apiece.

At 11:00 AM, Adani Ports shares were trading 1.34% higher at ₹1,099.20 apiece on the BSE, commanding a market capitalisation of over 2.37 lakh crore.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.