Adani Ports trades in green on recording 33% growth in cargo volumes in February
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Adani Ports is currently trading at Rs. 1347.95, up by 9.15 points or 0.68% from its previous closing of Rs. 1338.80 on the BSE.
The scrip opened at Rs. 1345.00 and has touched a high and low of Rs. 1356.50 and Rs. 1336.05 respectively. So far 89829 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,356.50 on 04-Mar-2024 and a 52 week low of Rs. 571.35 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1356.50 and Rs. 1293.30 respectively. The current market cap of the company is Rs. 289048.19 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 26.73% and 7.38% respectively.
Adani Ports and Special Economic Zone (APSEZ) has handled 35.4 MMT of total cargo in February 2024, implying a healthy 33% Year-on-Year (Y-o-Y) growth. While most ports observed a YoY jump in volumes, Dhamra Port recorded its highest-ever monthly cargo of 4.22 MMT.
During the initial 11 months (April 2023-February 2024) of FY24, APSEZ has already handled 382 MMT of cargo, implying that it is well on track to surpass the 400 MMT mark before the end of the current financial year. The company achieved the milestone of surpassing the 350 MMT cargo volume mark at its domestic ports in 318 days.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
