Adani Ports gains on crossing 300 MMT cargo handling

Adani Ports is currently trading at Rs. 740.70, up by 1.05 points or 0.14% from its previous closing of Rs. 739.65 on the BSE.

Adani Ports
Adani Ports

The scrip opened at Rs. 747.20 and has touched a high and low of Rs. 750.80 and Rs. 737.25 respectively. So far 250017 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. 638.00 on 18-Jun-2021.

Last one week high and low of the scrip stood at Rs. 750.20 and Rs. 723.20 respectively. The current market cap of the company is Rs. 156748.66 crore.

The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.18% and 4.99% respectively.

Adani Ports and Special Economic Zone (APSEZ) has crossed 300 million metric tonnes (MMT) cargo handling ahead of the year end (March 2022). APSEZ has registered unprecedented growth since it started operations just over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly.

This achievement also underlines the ability of APSEZ to adapt to fast paced changes due to global market and geopolitical volatility and continue its journey towards sustainable growth. The company is targeting cargo volumes of 500 MMT by 2025.

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