Prabhudas Lilladher has recommended a buy rating on Adani Port and SEZ with a target price of Rs 2123, following the announcement of a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Pvt Ltd to Terminal Investment Ltd for US$2.85 billion, which is expected to enhance its financial outlook.

Adani Ports requires state government approval to transfer its shares in the Vizhinjam International Seaport, as emphasized by Kerala Chief Minister V.D. Satheesan, who noted that no approval request has been received yet.

Brokerages have reiterated their bullish stance on Adani Ports following the company's agreement to sell a 49 percent stake in its Vizhinjam International Seaport to MSC Group for $1.4 billion, which is expected to enhance long-term cargo visibility and support growth. Jefferies, Nomura, and Motilal Oswal have all maintained Buy ratings with target prices ranging from Rs 2,050 to Rs 2,160, indicating a positive outlook for the company.

Adani Ports has signed a definitive agreement with MSC's terminal arm, TiL, for a 49% stake in Vizhinjam Port for $1.397 billion, with the investment aimed at enhancing cargo volumes and establishing the port as a key transshipment hub in the Indian Ocean. The investment will be phased, with the first tranche of $539 million to be paid upon acquisition and the remaining $858 million upon completion of ongoing expansion by December 2028.