Adani Ports rises on reporting 11.5% growth in cargo volumes during Q1FY24
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. 745.35, up by 8.55 points or 1.16% from its previous closing of Rs. 736.80 on the BSE.
The scrip opened at Rs. 742.85 and has touched a high and low of Rs. 750.95 and Rs. 735.05 respectively. So far 150214 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. 760.00 and Rs. 721.80 respectively. The current market cap of the company is Rs. 161211.17 crore.
The promoters holding in the company stood at 61.03%, while Institutions and Non-Institutions held 31.02% and 7.95% respectively.
Adani Ports and Special Economic Zone (APSEZ) has clocked around 101.4 MMT of total cargo volumes during April-June 2023 (Q1FY24) which is a strong 11.5% Year-on-Year (Y-o-Y) growth. Growth observed across most ports and all three broad cargo segments - Container +19%, Liquids & Gas +8%, and Dry Bulk +7%.
In June 2023 alone, APSEZ handled around 32.8 MMT of cargo including around 1 MMT at its Haifa Port. Logistics volume also continue to record significant jump with YTD rail volumes of 131,420 twenty-foot equivalent units (TEUs) (+18% YoY) and General Purpose Wagon Investment Scheme (GPWIS) volumes of 4.35 MMT (+40%).
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
