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Positive on Adani Ports: Prakash Diwan
Market expert Prakash Diwan is positive on Adani Ports. “It is a stock that has always been riding on high expectations. “Till now, the company has also delivered, not to take away the fact that it has kind of bounced back from the lows of 2018 where it saw a whole restructuring of the business itself being undertaken,” he said.
“What is going to be interesting is that if things like the container shortage and freight rate, and rationalisation starts to kind of get out of the way, all the stuff that is impeding growth for them gets out of the way, they could have a catch up maybe much later, if not, immediately for the next year or so. But my sense is the scale at which the company is some of the recent acquisitions which have got, which are still in the process of getting integrated into the port business, will probably take some time, but it will deliver,” he added.
Diwan also said “the diversification could be across time if not the business, but I somehow feel that it is a promising business and I would stick to it even if it is underperformed in recent times”.