Adani Ports shares shed 3% after Q1 results. Here's why Nomura and other brokerages see up to 24% upside

Adani Ports shares fell 3% after the company reported Q1 FY27 results. Net profit rose 9% year-on-year to Rs 3,620 crore, while revenue increased 18.5% to Rs 10,821 crore. EBITDA grew 19% to Rs 6,540 crore, with the margin improving marginally to 60.4%. Despite the earnings growth, the stock came under selling pressure in Thursday's trade.