Adani Ports gains on handling cargo volume of 32 MMT in March 2023
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Adani Ports and Special Economic Zone is currently trading at Rs. 628.60, up by 0.85 points or 0.14 % from its previous closing of Rs. 627.75 on the BSE.
The scrip opened at Rs. 625.80 and has touched a high and low of Rs. 639.55 and Rs. 625.25 respectively. So far 115083 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 654.75 and Rs. 590.00 respectively. The current market cap of the company is Rs. 135861.94 crore.
The promoters holding in the company stood at 65.13%, while Institutions and Non-Institutions held 28.25% and 6.62% respectively.
Adani Ports and Special Economic Zone (APSEZ) has handled around 32 million metric tonnes (MMT) of total cargo in March 2023, implying a Year-on-Year (yoy) growth of around 9.5%. For the first time since July 2022, the volumes crossed the 30-MMT mark. With around 339 MMT in FY23 (April 2022 - March 2023), APSEZ has recorded its largest port cargo volumes ever - which is a good around 9% yoy growth. Adani Ports has been continuously increasing its market share for the past years, outperforming all of India’s cargo volume growth.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
