Adani Ports and Special Economic Zone (ADSEZ) is well positioned to benefit from India's long-term growth due to its strategic business model and alignment with the country's development goals, according to a report by Macquarie Equity Research.
"The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort on the intrinsic equity value of such a business, which in turn reduces the scope for credit stress" says JP Morgan report.