The company reported a 19.51 percent jump in its consolidated profit at Rs 1,001 crore for the third quarter ended December 31, 2017. The logistics arm of Adani Group had clocked a consolidated profit of Rs 837.58 crore in the corresponding period last fiscal, it said in a BSE filing.
Brokerages were upbeat on the stock and believed that the stock was well placed for better moves ahead.
While maintaining Buy rating with target price of Rs 575, Citi said that the firm is one of our top picks in India infrastructure/logistics. Further, it said that the company reported well-rounded and strong third quarter earnings.
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