Adani Ports spurts over 11% in two sessions

Adani Ports and Special Economic Zone rose 6.96% to Rs 358 at 12:10 IST on BSE, extending yesterday's 3.99% rise triggered by the stock's inclusion in the 50-unit CNX Nifty with effect from 28 September 2015.

Meanwhile, the BSE Sensex was up 359.97 points, or 1.31%, to 27,909.50.

On BSE, so far 6.19 lakh shares were traded in the counter, compared with an average volume of 2.61 lakh shares in the past one quarter.

The stock hit a high of Rs 363.75 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 339.55 so far during the day. The stock hit a 52-week low of Rs 244 on 17 October 2014.

Shares of Adani Ports and Special Economic Zone (APSEZ) rose 3.99% to Rs 334.70 yesterday, 13 August 2015. The stock has risen 11.23% in two trading sessions from Rs 321.85 on 12 August 2015.

The stock had outperformed the market over the past one month till 13 August 2015, rising 4.11% compared with 1.47% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.80% as against Sensex's 1.10% rise.

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

The National Stock Exchange (NSE) in its circular on Wednesday, 12 August 2015, said that Adani Ports and Special Economic Zone (APSEZ) would replace NMDC in the 50-unit CNX Nifty index with effect from 28 September 2015.

NMDC was up 0.46% to Rs 97.60. It fell 2.75% to Rs 97.15 yesterday, 13 August 2015.

On consolidated basis, APSEZ's net profit rose 12.8% to Rs 640.88 crore on 39.9% growth in net sales to Rs 1723.27 crore in Q1 June 2015 over Q1 June 2014.

APSEZ, a part of India's leading infrastructure conglomerate the Adani Group, is India's largest multi-port operator.

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