** Jefferies raises TP on India's Adani Ports and Special Economic Zone APSE.NS to 2,100 rupees from 1,980 rupees; maintains 'buy' rating

** Brokerage says APSE's market share rose to 27% in FY26 from 20% in FY21

** Expects volumes to grow 8%-9% annually, helped by India's economic growth, government support for coastal shipping and market share gains

** Says Adani Ports' existing international portfolio could help it reach its target of 150 million metric tonnes by 2030

** "Adani Ports is a high conviction play on India's manufacturing, trade, and logistics transformation at scale, with a portfolio of inimitable port assets," - Jefferies

** APSE down 0.6%; benchmark Nifty 50 .NSEI down 1.28% .BO

** Twenty-four of 25 brokerages rate the stock "buy" or higher; their median PT is 1,883 rupees - LSEG data

** YTD, stock up 20.2%