Adani Ports share price rises 3% as brokerages expect up to 28% upside potential
Live MintAdani Ports & Special Economic Zone Ltd share price rebounded over 3% on Tuesday's session after tumbling by almost 5% on Monday due to concerns about conflict in Israel, where the company owns a key port. Adani Ports share price opened at an intraday low of ₹799.95 apiece on BSE. Analysts indicated that even in the worst case, the impact of events in Israel would be low on Adani Ports & Special Economic Zone, which led to the upward trend of the Adani Ports stock price. CLSA - Conflict - an opportunity A 5% decline in the share price of Adani Ports & SEZ due to war concerns, according to international brokerage CLSA, gives an even greater opportunity to purchase this important asset with long-term concessions across India, as Haifa Port only contributes 1.3%.