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Maintain ‘buy’ on APSEZ with revised FV of Rs 600

We reduce our cost of equity assumption for Adani Ports to 12.75% from 13.25% and bring monthly volume run-rate for FY2022 to levels reported in December 2020. Retain ‘buy’ with revised FV of Rs 600 (from Rs 535 earlier).

from The Financial Express https://ift.tt/36gJuF1
https://ift.tt/eA8V8J Kotak Institutional Equities

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