Strong Cargo Growth Keeps Brokerages Bullish $ADANIPORTS

$ADANIPORTS remained in focus after reporting a robust 16% year-on-year increase in May cargo volumes to 48.3 MMT, driven by strong container and liquid cargo growth. Following the operational update, brokerages including Nomura and Jefferies reiterated their bullish stance, citing the company's market-leading port network, integrated logistics ecosystem, and strong long-term growth visibility. The positive cargo momentum reinforces confidence in Adani Ports’ ability to sustain volume growth and earnings expansion in the coming years.