Adani Ports drops in volatile trade after announcing Q1 results

Adani Ports and Special Economic Zone was down 1.29% to Rs 237.30 at 14:48 IST on BSE after consolidated net profit rose 30.79% to Rs 835.71 crore on 11.28% growth in total income to Rs 2083.72 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 9 August 2016.

Meanwhile, the S&P BSE Sensex was down 98.99 points or 0.35% at 28,083.58.

On BSE, so far 7.57 lakh shares were traded in the counter as against average daily volume of 5.98 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 2.22% at the day's low of Rs 235.05 so far during the day. The stock rose as much as 1.26% at the day's high of Rs 243.45 so far during the day. The stock had hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had outperformed the market over the past one month till 8 August 2016, advancing 16.11% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.31% as against Sensex's 11.71% rise.

The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.

Adani Ports and Special Economic Zone (APSEZ), a part of the Adani Group, is India's largest private port operator.

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