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Adani Ports | High debt a key concern

Ports & Shipping
June 1, 2016June 1, 2016
Adani Ports | High debt a key concern
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The 12 per cent fall in Adani Ports and Special Economic Zone´s stock is the firm´s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ´buy´ to ´neutral´ following a sharp increase in net debt, loans and advances. Domestic brokerages suck as Kotak Securities and Elara Capital, too, have reduced their rating from ´buy´ to ´add´ or ´accumulate´.

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