BUZZ — India's Adani Ports and Special Economic Zone rises after Jefferies hikes target price

* Jefferies ("buy", raises TP to 2,160 rupees from 1,725.95 rupees) says Adani Ports and Special Economic Zone offers one of the strongest growth profiles in Indian infrastructure sector * Shares of India's APSE rise 1.7% to 1769.40 rupees * Flags group debt levels and weaker-than-expected market share gains at acquired ports as key risks * Notes co target of handling 1 billion tonnes of cargo by 2030 is driven by steady annual growth at domestic ports and three-fold rise in volumes at international ports * Expects co's cargo volumes to grow at 16% CAGR by 2030 * Stock up 19.81% YTD (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)