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 the country. 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.
Previous Close
1267.0
TTM EPS
33.47
52 Week High
1311.00
TTM PE
39.05
52 Week Low
533.65
P/B
6.22
Sector PE
98.81
Mkt Cap (Rs. Cr.)
282,297
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
The counter witnessed the last ten sessions’ consolidation break-out above 1300 levels & ended weekly “Fresh All Time” highs of 1306 last week.
The counter has an immediate minor hurdle at around 1360 levels followed by higher positional targets of 1400 & after that, higher levels on the mid-term time-frame.
The short-term outlook remains “Buy-On-Dip” towards 1285 & 1255 levels for 1360 & and the next higher 1400 odd levels, maintaining a stop below 1230 on a closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 1250 Strike rates, holding above which bias remains “Buy-On-Dip” with strict stops.
Maximum CE build-up is at 1300 & 1400 Strike while maximum PE build-up is at 1200 & 1250 Strikes. Dips towards 1250 & lower can provide a better risk-reward ratio for fresh trading long bets.
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Previous Close
1754.5
TTM EPS
34.15
52 Week High
1957.4
TTM PE
53.07
52 Week Low
1156.8
P/B
34.03
Sector PE
54.40
Mkt Cap (Rs. Cr.)
51,651
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
The counter is broadly within a consolidation between the 1650 & 1850 zones for the last four months. Last week, the counter ended on a solid note at its highs, indicating a potential up-move in days to come.
The counter has an immediate minor hurdle around the 1960-2000 zone, followed by higher positional targets in the mid-term.
In the short-term outlook, bias can be “Buy-On-Dip” towards 1775 & 1725 levels for potential higher 1960 & higher thereafter, maintaining a stop below 1680 on a closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 1700 Strike rates, holding above which bias remains “Buy-On-Dip” with strict stops.
Maximum CE build-up is at 1800 & 1900 Strike while maximum PE build-up is at 1700 & 1600 Strikes. Dips towards 1700 odd can provide a better risk-reward ratio for fresh trading long bets. Overall, look for hedged long strategies unless the counter witnesses short-covering sustaining above 1800 levels.
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