Motilal Oswal reiterates INR 2,130 target for Adani Ports stock

Published on 10/26/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue rose 18.60 percent to INR 10,821 crore. Adani Ports stock stood at INR 1,752.50 on October 26, 2026, up 2.92 percent on NSE.

Motilal Oswal reiterates target

Motilal Oswal reiterated its INR 2,130 target and Buy rating on October 23, 2026.
First-quarter revenue increased 18.60 percent to INR 10,821 crore.
Adani Ports stock stood at INR 1,752.50 on NSE on October 26, 2026 at 3:28 p.m. IST, up 2.92 percent.
The target was 21.54 percent above the recorded NSE price.

Adani Ports, INE742F01042, Illustration mit AI erstellt.

Adani Ports (ISIN INE742F01042) has a fresh INR 2,130 price target from Motilal Oswal, which reiterated its Buy rating in research dated October 23, 2026. According to Moneycontrol, the target is based on 17 times estimated fiscal year 2028 EBITDA. The stock last stood at INR 1,752.50 on the NSE on October 26, 2026 at 3:28 p.m. IST, up 2.92 percent from the prior close.

Revenue growth supports the case

Adani Ports reported first-quarter revenue of INR 10,821 crore, up 18.60 percent from INR 9,126 crore a year earlier. Net profit rose 9.20 percent to INR 3,620 crore from INR 3,315 crore, while EBITDA increased 19.00 percent to INR 6,540 crore from INR 5,495 crore. These figures came from the June quarter announced on July 29, 2026, as reported by CNBC TV18.

Price position on October 26

The NSE quote stood between its INR 1,292.00 52-week low and INR 1,891.10 52-week high. At INR 1,752.50, the stock was 7.33 percent below the high and 35.75 percent above the low. The session volume was 1,898,342 shares, compared with an average volume of 2,565,990 shares. The share price was also 2.92 percent above the prior NSE close.

Valuation and the October 28 date

Adani Ports traded at a price-to-earnings ratio of 29.91 and a market capitalization of INR 4.0 trillion on October 26, 2026. Motilal Oswal expects cargo volumes to grow 14.00 percent annually from fiscal year 2026 to fiscal year 2028, with revenue, EBITDA and profit after tax growth of 17.00 percent, 18.00 percent and 21.00 percent, respectively. The company calendar lists October 28, 2026 for second-quarter and first-half fiscal year 2027 results, according to Adani Ports.

Comparison with peers

Adani Ports: up 2.92 percent, P/E 29.91, market capitalization INR 4.0 trillion
JSW Infrastructure (NSE, INR): up 0.46 percent, P/E 44.65, market capitalization INR 737.6 billion
Container Corporation of India (NSE, INR): up 0.35 percent, P/E 25.22, market capitalization INR 313.5 billion

Target leaves room above the price

Motilal Oswal's INR 2,130 target was 21.54 percent above the NSE price of INR 1,752.50 on October 26, 2026. The comparison puts the broker's view alongside the company's reported revenue and profit growth, while the upcoming results provide the next scheduled test of those operating trends.