Adani Ports gains on commissioning Tuna Tekra bulk terminal

Adani Ports and Special Economic Zone advanced 4.66% to Rs 314.20 at 13:26 IST on BSE after the company commissioned a bulk terminal at Tuna Tekra, Kandla Port.

The announcement was during market hours today, 10 February 2015.

Meanwhile, the S&P BSE Sensex was up 139.13 points or 0.49% at 28,366.52

On BSE, so far 2.91 lakh shares were traded in the counter as against average daily volume of 3.32 lakh shares in the past one quarter.

The stock hit a high of Rs 317.40 and a low of Rs 299.95 so far during the day. The stock had hit a record high of Rs 352.60 on 23 January 2015. The stock had hit a 52-week low of Rs 143.30 on 13 February 2014.

The stock had underperformed the market over the past one month till 9 February 2015, falling 9.35% compared with 2.80% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 2.53% as against Sensex's 1.29% rise.

The large-cap firm has equity capital of Rs 414.01 crore. Face value per share is Rs 2.

Adani Ports and Special Economic Zone said that the company has commissioned a bulk terminal at Tuna Tekra, Kandla Port, with an annual handling capacity of over 20 million tonne in a record time of 24 months.

On a consolidated basis, Adani Ports & Special Economic Zone's net profit rose 13.7% to Rs 512.08 crore on 37.6% rise in total income to Rs 1701.13 crore in Q3 December 2014 over Q3 December 2013.

Adani Ports & Special Economic Zone, a part of India's leading infrastructure conglomerate the Adani Group, is India's largest multi-port operator.

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