Global Brokerage Reduces Target Prices On 2 Quality Stocks, Buy For 83% Return

Leading global brokerage firm, Jefferies has reduced target price on 2 stocks namely Adani Ports & Special Economic Zone and Delhivery. The brokerage has assigned a target price of Rs 995 to Adani Ports & Special Economic Zone and Rs 570 to Delhivery. Jefferies has maintained buy call for both Adani Ports & Special Economic Zone and Delhivery. You will get maximum 83% return if you buy these 2 stocks now.Check details below:

1. Buy Adani Ports & Special Economic Zone

Jefferies has recommended investors to buy Adani Ports & Special Economic Zone with a target price of Rs 995 and a potential return of 25%. Its current market price is Rs 793 apiece. The stock's 52 week high is Rs 987 apiece and 52-week low is Rs 652 apiece, respectively.

The company has a market capitalisation of Rs 1,71,299.02 crore. The stock has given 87% return in last 5-years, 102% return in last 3-years, and 4% return in last 1-year. It has declined 10% in last 1-month. The large cap company was incorporated
in 1998.

According to the analyst, "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock."

Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in India. Its presence across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity, according to its official website.

2. Buy Delhivery

The analyst has suggested investors to buy Delhivery with a target price of Rs 570 apiece and a potential return of 83%. The current market price of the stock is Rs 312 apiece with a decline of 2.65%.

The stock's 52-week high is Rs 708 apiece and 52-week low is Rs 306 apiece, respectively. The company has a market capitalisation of Rs 22,734 crore. The stock has fallen 44% in last 3-months.

According to Jefferies, "We believe B2B growth (Spoton), cost rationalisation and low e-commerce penetration are being underestimated."

Since its inception, Delhivery has successfully fulfilled over 1.7 billion orders across India. It has built a nation-wide network with a presence in every state, servicing over 18400 pin codes, according to its official website.

Disclaimer

The stocks have been picked from the brokerage report of Jefferies. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.