Adani Ports & Special Economic Zone rose 3.39% to Rs 295.80 at 12:03 IST on BSE on reports that the company is planning to expand Dhamra Port's capacity to 100 million tonnes per annum from the current capacity of 25 million tonnes a year.
Meanwhile, the S&P BSE Sensex was down 32.70 points or 0.12% at 26,387.97.
On BSE, so far 4.96 lakh shares were traded in the counter as against average daily volume of 6.58 lakh shares in the past one quarter.
The stock hit a high of Rs 297 so far during the day, which is a record high for the counter. The stock hit a low of Rs 285 so far during the day. The stock had hit a 52-week low of Rs 118 on 4 September 2013.
The stock had underperformed the market over the past one month till 19 August 2014, sliding 0.57% compared with Sensex's 3.04% rise. The scrip had, however, outperformed the market in past one quarter, surging 23.51% as against Sensex's 8.45% rise.
The large-cap company has equity capital of Rs 414.01 crore. Face value per share is Rs 2.
Adani Ports & Special Economic Zone (APSEZ) had recently acquired Dhamra Port Company from L&T and the Tatas.
APSEZ's consolidated net profit jumped 36% to Rs 568 crore on 13.9% decline in net sales to Rs 1245.78 crore in Q1 June 2014 over Q1 June 2013.
APSEZ is engaged in business of developing, operating and maintaining the port and port related infrastructure facilities including multi-product special economic zone.
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