Adani Ports gains on incorporating joint venture company with Gadot Chemical Terminals
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Adani Ports and Special Economic Zone is currently trading at Rs. 898.80, up by 3.35 points or 0.37% from its previous closing of Rs. 895.45 on the BSE.
The scrip opened at Rs. 896.00 and has touched a high and low of Rs. 906.20 and Rs. 895.05 respectively. So far 136218 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. 652.05 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 907.80 and Rs. 857.00 respectively. The current market cap of the company is Rs. 194725.73 crore.
The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 29.72% and 4.27% respectively.
Adani Ports and Special Economic Zone has incorporated a joint venture company with Gadot Chemical Terminals (1985) in Israel namely ‘Mediterranean International Ports A.D.G.D’ on November 13, 2022. Mediterranean has been incorporated as a Joint Venture Company with Gadot Chemical Terminals (1985) for acquisition of Haifa Port Company (HPC), which currently operates Haifa Port in Israel.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
