$ADANIPORTS

Adani Ports and Special Economic Zone (APSEZ) is expected to remain in focus on July 1 after several brokerages reiterated their bullish outlook on the stock following the company's agreement to sell a 49 percent stake in Vizhinjam International Seaport to Terminal Investment Limited (TiL), a subsidiary of Switzerland's MSC Group, for $1.4 billion. Analysts believe the strategic partnership will enhance long-term cargo visibility at the port while reinforcing Adani Ports' growth prospects. The transaction also underscores the company's ability to attract marquee global investors to India's port infrastructure sector. The stock closed 1.91 percent higher at Rs 1,810.10 in the previous trading session. Over the past year, Adani Ports has rallied 25.1 percent, significantly outperforming the Nifty 50, which has declined 6.6 percent during the same period. The company currently has a market capitalisation of nearly Rs 3.9 lakh crore. Analyst implied valuation of the deal at around 19 times EV/EBITDA, describing it as an attractive valuation that strengthens the port's long-term cargo outlook. They also expect the transaction to further bolster Adani Ports' balance sheet, with the company potentially becoming net cash positive by FY31. On June 30, Adani Ports announced that Terminal Investment Limited (TiL), a unit of MSC Group, will acquire a 49 percent stake in Vizhinjam International Seaport for $1.4 billion. The deal represents the largest foreign private investment in India's domestic port infrastructure sector. According to the company, the partnership is expected to accelerate cargo ramp-up at the Kerala-based port while deepening its strategic relationship with MSC Group, building on their existing collaborations at the Mundra and Ennore ports. The transaction is subject to customary regulatory approvals.