APSEZ turns highly volatile after reporting strong Q2 results

Adani Ports and Special Economic Zone lost 0.19% to Rs 295 at 15:12 IST on BSE after consolidated net profit rose 16% at Rs 667 crore on 6% growth in total income to Rs 1986 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 2 November 2015.

Meanwhile, the S&P BSE Sensex was down 108.56 points or 0.41% at 26,548.27.

On BSE, so far 6.29 lakh shares were traded in the counter as against average daily volume of 2.86 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 1.84% at the day's low of Rs 290.10 so far during the day. The stock rose as much as 2.4% at the day's high of Rs 302.65 so far during the day. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had hit a 52-week low of Rs 266.55 on 9 December 2014.

The stock had underperformed the market over the past one month till 30 October 2015, sliding 1.27% compared with Sensex's 1.92% rise. The scrip had also underperformed the market in past one quarter, declining 7.06% as against Sensex's 3.78% fall.

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's (APSEZ) earnings before interest, taxation, depreciation and amortization (EBITDA) rose 7% to Rs 1349 crore in Q2 September 2015 over Q2 September 2014.

Sudipta Bhattacharya, Chief Executive Officer of APSEZ said that the company continues to improve its mix of cargo across its ports.

APSEZ, a part of the Adani Group, is India's largest private port operator.

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