ADANIPORTS.NSE Adani Ports & Special Economic Zone Ltd
11,793
1,332.35
27.25
(2.09%)
| Watchers | 11,793 |
| 52-Wk Low | 659.50 |
| 52-Wk High | 1,450.00 |
| Market Cap | 2.82T |
| Volume | 2.99M |
| 52-Wk High | 1,450.00 |
| 52-Wk Low | 659.50 |
Ten of Adani's ports clock life high cargo volumes, 'no adverse implications' of Middle East unrestMoneycontrol • 13 days ago
On the Middle East unrest, APSEZ said the is closely monitoring the ongoing war situation 'which is now only restricted to a concentrated area'.
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The Adani Group firm's revenue from operations rose 19% to Rs 6,897 crore in Q4FY24
APSEZ in a statement said growth recorded across most domestic ports, with Dhamra Port recording its highest ever monthly cargo of 4.38 MMT.
Over FY24-26F, Incred analysts expect to see domestic coal dispatches at 10 percent CAGR against a 7.5 percent CAGR in case of coal-based power demand. This, they believe, could lead to flat thermal coal imports.
Motilal Oswal is bullish on Adani Port & Sez has recommended buy rating on the stock with a target price of Rs 1,590 in its research report dated April 22, 2024.
Around 67 lakh shares of Adani Ports, making up 0.3 percent equity changed hands in the large deal on the exchanges.
During FY24, more than one-fourth of all India cargo volumes was routed through APSEZ ports, said the firm in a filing with the bourses.
As part of the 95% stake, Adani Ports has acquired 56% stake from SP Port Maintenance Pvt. Ltd., which is part of the SP Group, and a 39% stake from Orissa Stevedores Ltd.
Adani Ports and Special Economic Zone | The transaction is expected to be completed by Q1 FY25.
Adani Ports will purchase a 56 percent stake in the port from real-estate conglomerate Shapoorji Pallonji Group and a 39 percent from Orissa Stevedores