Adani Ports gains on reporting 35% growth in cargo volume during April-December

Adani Ports and Special Economic Zone is currently trading at Rs. 743.75, up by 4.70 points or 0.64% from its previous closing of Rs. 739.05 on the BSE.

The scrip opened at Rs. 739.05 and has touched a high and low of Rs. 747.00 and Rs. 733.85 respectively. So far 49695 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 489.45 on 06-Jan-2021.

Last one week high and low of the scrip stood at Rs. 747.00 and Rs. 716.50 respectively. The current market cap of the company is Rs. 151936.96 crore.

The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.15% and 5.02% respectively.

Adani Ports and Special Economic Zone (APSEZ) has handled a cargo volume of 234.31 million tonnes (MT) during the April-December 2021 period, registering a growth of 35 per cent y-o-y. The company’s ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket.

Mundra, the flagship port of APSEZ, grew eight per cent and handled a cargo volume of 113 MT. Container volume across the ports crossed six million twenty-foot equivalent units (TEUs), of which 4.9 million TEUs were handled at the Mundra port. Dry cargo volume registered a growth of 49 per cent and surpassed 116 MT.

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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