Adani Ports share price surged 4.16% on Friday, with its strong earnings bringing tailwinds. The stock traded at Rs 1,267 at the time of writing, having eased from year-to-date highs of Rs 1,295 in the intraday session. It has now gained 7.1% in the last month and is up by 3.6% year-to-date, underlining the prevailing bullish control.
Upbeat Earnings, Rising Capex to Impact Adani Ports Share Price
The company, which is part of the Adani Group, reported a 47.8% jump in its Q4 FY2025 net profits to Rs 3,014 crore (approximately $360 million), driven by 8% growth in cargo volume to 117.9 million metric tons. In addition, that figure beat analysts’ consensus focus figure of Rs 2,662 crore (approx. $360).
Adani Ports and Special Economic Zones (NSE: ADANIPORTS) also saw its container volumes grow substantially by 23%, while its logistics business brought in Rs 1,030 crore, up from Rs 560 crore in the corresponding quarter a year earlier.
Following the impressive results, the company announced a Rs 7 per Rs 2 equity share. The momentum on Adani Ports share price favours it to stay on the upside in the near-term, supported by a spike in its trading volume.
The company plans to spend Rs 50,000 crore ($6.02 billion) in capex in the next five years to hit its target of handling 1 billion metric tons per annum by 2030. That could potentially eat up its liquidity position, and exert downward pressure on Adani Ports share price in the long term.
Adani Ports Share Price Prediction
The momentum on Adani Ports share price favours the upside to continue above the pivot point at Rs 1,277. The stock will likely meet the first resistance at Rs 1,289. A stronger momentum will break above that level, and could send it higher to test psychological Rs 1,300 barrier.
On the other hand, breaking below Rs 1,277 will shift the momentum to the downside. In that case, the first support will likely be at Rs 1,260. Breaking below that level will invalidate the upside narrative. Furthermore, an extended control by the sellers could send the price lower to test Rs 1,249.
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